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After taking a glance back at the last 12 months, it’s clear that investors have a lot to be nervous about as we say good-bye to 2013 and hello to 2014. The top scandals of 2013, including federal officials negotiating $13 billion in fines for JPMorgan Chase, the nation’s biggest […]
Monthly Archives: December 2013
As Puerto Rico’s economy continues to deteriorate and its bonds continue to erode in value, it sure seems as if the island commonwealth could use a visit this Christmas from Santa Claus. Moody’s listed the island commonwealth’s failures to access the public debt markets and declines in liquidity among five […]
Zamansky LLC announces that it is investigating sales of managed futures funds to brokerage firm customers. The investigation concerns managed-futures funds offered by Morgan Stanley Smith Barney and its subsidiary Ceres Managed Futures, Merrill Lynch Alternative Investments LLC, and others. Zamansky LLC announces that it is investigating sales of managed […]
The ink is not even dry on the new Volcker Rule, designed to stop investment banks from speculative trading for their own gains and limits their ability to invest in hedge funds. But Wall Street and its bankers are surely starting to look for ways around the rule, which was […]
Most investors clamor for investments that generate a high yield, particularly when they have been pitched as safe and secure municipal bonds. Many investors at UBS and other firms were delighted to hear their financial advisors tell them that the Puerto Rican bonds and closed-end bond funds that they recommended […]
Puerto Rico, a US territory, is teetering on the edge of financial collapse. The Island’s plight is reminiscent of the 2008 collapse of Lehman Brothers, whose bankruptcy filing led US regulators to examine similar banks who were considered “too big to fail.” Unlike Lehman or the City of Detroit, which […]