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Stocks have soared in value the last several years, and a dangerous investment strategy is creeping back into the market: financial advisers may soon recommend that clients tap the equity in their home to buy stocks. Proven disastrous for thousands of investors in the crashes of 2000 and 2008, this […]
Monthly Archives: March 2014
Insurance regulators in New York earlier this week beat up the global insurance giant AXA SA pretty good due to shoddy communication with clients about changes the company made to their AXA variable annuity contracts. The $20 million fine against the U.S. arm of the French insurer is the state’s […]
Jake Zamansky Talks About Puerto Rico Bonds in a WOSO Radio Interview. Listen Now!
Puerto Rico’s $3 billion bond offering reveals disturbing information that current bond holders should be aware of. Puerto Rico has made some astounding disclosures regarding the new offering, according to a report by Lisa Lambert of Reuters. A draft of the bond issue’s preliminary offering statement warned that a variety […]
Puerto Rico is heading towards a $3.5 billion bond offering this month which would be used to help stabilize the Island’s finances and pay interest on its $70 billion in current debt. A major question arises as to whether investors in this new debt will be given priority over existing […]
The business-friendly U.S. Supreme Court will shortly decide two cases that could impact investors’ recovery rights for decades. The key question is whether the Court will roll back existing law that currently protects investors. The stakes for Mom and Pop investors are huge; if the business lobby wins either of […]