Securities Industry Commentator by Bill Singer Esq WEEK IN REVIEW

March 30, 2019

The Melissa Virus / An $80 Million Cyber Crime in 1999 Foreshadowed Modern Threats (FBI Release)

Benjamin Wey and NYG Capital, LLC, Plaintiffs, v. NASDAQ, Inc., the NASDAQ Stock Market LLC, Adena Friedman, Robert Greifeld, Michael Splinter, Nelson Griggs, Edward Knight, Arnold Golub, William Slattery, Michael Emen, Alan Rowland, Keely Moxley, Robert McCooey Jr, and Andrew Hall, Defendants (SDNY Opinion and Order)

Former Vanguard Employee Terminated For "Work Avoidance" Fails To Show At His Expungement Hearing 
( Blog)

SEC Charges Investment Adviser with Long-Running Fraud and Obtains Consent to Appoint Receiver to Preserve Investor Assets (SEC Release)

In the Matter of Gregory Reyftmann (Initial SEC Decision of Default)

U.S. Attorney Announces The Arrest Of Michael Avenatti For Engaging In A Scheme To Extort A Public Company /Avenatti Is Alleged To Have Used Threats of Economic and Reputational Harm To Demand More Than $20 Million In Payments (DOJ Release)

Merrill Lynch to Pay Over $8 Million for Improper Handling of ADRs (SEC Release)

Majority of bitcoin trading is a hoax, new study finds (

FINRA Settlement Not Fussing And Fighting But Working It Out ( Blog)

Federal Courts Say NASD Arbitration Claims Too Old Against MetLife. Metropolitan Life Insurance Co., Plaintiff/Appellee, v. John Bucsek, Defendant/Appellant (Opinion, United States District Court for the Second Circuit)

Broker-Dealer's Former Owner, CEO, CFO, and CCO Barred. FINRA Department of Enforcement, Complainant, v. Devin Lamarr Wicker, Respondent ( FINRA Office of Hearing Officers Extended Hearing Panel Decision)

FINRA Arbitrator Recommends Expungement For UBS Error in Annuity Letter In the Matter of the Arbitraton Between Mark Robert Fasano, Claimant, v. UBS Financial Services, Inc., Respondent (FINRA Arbitration Decision)