The Feds have opened their substantial arsenal this week to take down Steve Cohen, the Biggest Fish on Wall Street, and a minnow, Fabulous Fab, or Fabrice Tourre, the former Goldman Sachs executive who allegedly defrauded investors in a complex mortgage bond called Abacus. Both cases signal that the government […]
Monthly Archives: July 2013
It should be pretty darn hot in hedge fund Steve “King” Cohen’s $60 million East Hampton beachfront estate for the rest of the summer as he huddles with his lawyers to plot his defense to the SEC’s allegations that he failed to supervise employees at SAC Capital Advisors who engaged […]
Zamansky LLC has filed a FINRA arbitration on behalf of a group of 30 or more Canadian investors who were the victims of an alleged fraud. The case is FINRA No. 13-582. Zamansky LLC has filed a FINRA arbitration on behalf of a group of 30 or more Canadian investors […]
Zamansky LLC is investigating the UBS Carlyle Fund I, LLC and UBS Carlyle Fund II, LLC (“UBS Carlyle”), private investment funds sold by UBS Financial Services Inc. (“UBS Financial Services”) and its financial advisors to the firm’s brokerage customers. According to filings with the U.S. Securities & Exchange Commission (“SEC”), […]
This blog said last month that the Feds needed to put Hedge Fund King Steve Cohen behind bars. Now, it looks like the Justice Department lacks the stomach for such a fight and has decided to give SAC Capital and Cohen a free pass. Yes, SAC in March agreed to […]
Zamansky LLC announces that it is investigating ATP Oil and Gas 11.875% Senior Second Lien Exchange Notes (“ATP Notes”), on behalf of investors. The investigation concerns alleged investment advice or sales of these ATP Notes by brokerage firms to customers. Zamansky LLC announces that it is investigating ATP Oil and […]
There is yet one more inside game on Wall Street to which Mom and Pop investors are not invited. Retail investors, it turns out, are being damaged by trades based on classified, private information that insiders pay for and – in just a matter of seconds – use to boost […]
Zamansky LLC has filed a FINRA arbitration against Merrill Lynch, on behalf of an investor who was sold variable annuities with Guaranteed Minimum Income Benefit (“GMIB”) and Early Death Benefit (“EDB”) riders. The case is FINRA No. TN#1300720. Zamansky LLC has filed a FINRA arbitration against Merrill Lynch, on behalf […]
A $230 million arbitration claim by National Australia Bank Ltd. NAB.AU +2.05% alleges that Goldman Sachs Group Inc. GS +0.04% violated industry sales practices related to mortgage-linked securities that later soured, adding to the list of legal skirmishes the Wall Street firm has faced in the wake of the financial […]