Well, they are correct on the "serial, gross negligence" part, at the very least. I think the idea is, if the court allows the suit, to start a discovery process and see if there was more than just "negligence".
I don't think it's an accident that the suit was filed just after log-awaited SEC IG Kotz report, which while being generally a whitewash and blaming "inexperience" and "incompetence" of SEC staffers, hinted that there may be at least more than one problem with relationship between Shana Madoff and SEC Assistant Director Eric Swanson.
Sounds like trying to get blood out of a turnip. He's hardly worth going after for his person worth.
Please. Haven’t you heard the FINRA radio ads, complete with the folksy, homespun guitar track? And their website, it’s “FINRAPROTECTS-dotcom”, isn’t it? FINRA protects. It’s OK. They’ll take care of you. Uncle FINRA. Always there. For you. Now go to sleep.