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Law360, New York (August 23, 2013, 5:48 PM ET) — Principal Financial Group Inc. has agreed to pay $3.2 million to settle a class action alleging that the company let its retirement account holders unwittingly invest in an alleged Ponzi scheme run by Westgate Management LLC , the plaintiffs said […]
Monthly Archives: August 2013
Zamansky LLC announces that it is investing alleged unsuitable sales of ETFs, or exchange-traded funds, by financial advisors. Any investor who did not want a high risk level and who lost money in one of these funds should contact our firm to have the investment reviewed for suitability. Zamansky LLC […]
Zamansky LLC announces that it has filed a FINRA securities arbitration for investors In Lehman Brothers’ structured notes sold to them by UBS Financial Services, Inc. (“UBS”) who opted out of the class action settlement. The case is FINRA No. TN 1300907. Zamansky LLC has filed a FINRA arbitration against […]
Zamansky LLC investigates Catastrophe (CAT) Bonds and Insurance-Linked Securities (ILS) purchased by pension funds or other institutional investors. Zamansky LLC investigates Catastrophe (CAT) Bonds and Insurance-Linked Securities (ILS) purchased by pension funds or other institutional investors. Catastrophe bonds and Insurance-Linked Securities (ILS) are securities issued by insurance companies to insure […]
Zamansky LLC announces that it has launched an investigation of alleged investor losses due to margin sell offs and declines in the stock market declines as reported by Reuters. The investigation concerns alleged losses suffered by investors from securities sold due to margin calls or increased margin requirements resulting from […]
Zamansky LLC has filed a FINRA arbitration against Citigroup Global Markets, Inc. (“Citigroup”) on behalf of a 91 year-old investor from Detroit, Michigan who was sold a speculative investment strategy which included structured products called equity-linked securities or “ELKs”. The case is FINRA No. TN 1300930. Zamansky LLC has filed […]
The Mad Doctors of Wall Street are once again in their labs, conjuring up freaky new investment products to dump on unsuspecting retail clients. Such products, commonly known as alternative investments, promise alluring yields. But they also carry hidden risks that – poof! – can result in the products to […]
The utter lack of ethics across much of Wall Street that caused the 2008 financial crisis and crippled the U.S. economy still exists, and in worrying proportions, according to a startling recent report of industry insiders that focuses on Wall Street ethics and conduct. The report confirms what many of […]
Zamansky LLC announces that brokerage customers of UBS Financial Services Inc. (“UBS”) who purchased Lehman structured products, called “100% Principal Protected Notes”, “Auto-Callable Notes”, “Return Optimization Notes” or other name, have the right to opt out of the class action settlement. UBS brokerage customers who invested in Lehman structured products […]
The now famous Rolling Stone magazine article in 2009 by Matt Taibbi unforgettably referred to Goldman Sachs, the world’s most powerful investment bank, as a “great vampire squid wrapped around the face of humanity, relentlessly jamming its blood funnel into anything that smells like money.” At the time, Taibbi was […]