Zamansky LLC Investigates Former Wells Fargo Financial Advisor Matthew Maczko

We are investigating Matthew Maczko, the former financial advisor employed by Wells Fargo Advisors LLC from 2008 through 2016, and its branch office in Oakville, Illinois.   The Financial Industry Regulatory Authority (“FINRA”) recently suspended Mr. Maczko’s stockbroker’s license and barred him permanently from conducting any securities business.   According to FINRA, Mr. Maczko allegedly churned the …

Zamansky LLC Investigates U.S. Virgin Island Bonds for Investors with Losses

The U.S. Virgin Islands share many of the same fiscal problems that have made Puerto Rico insolvent: high levels of debt, mounting pension obligations and a declining population.  It also has lost several large private employers. The Virgin Islands have a $110 million budget deficit, and recently failed at raising $220 million in new bonds.  This …

Zamansky LLC Filed an ERISA Class Action Lawsuit for all Exxon Mobil Savings Plan Participants

On November 23, 2016, Zamansky LLC filed a class action lawsuit and has been appointed lead counsel on behalf of all current and former employees of Exxon Mobil Corporation (“Exxon”) who were participants in the Exxon Mobil Savings Plan (the “Plan”).  The lawsuit alleges violations of the federal Employee Retirement Income Security Act (“ERISA”) by …

Senfina Advisors Shut Down By BlackRock Advisors Over Its Steep 2016 Losses.

On December 20, 2016, Blackstone Group LP, the large asset manager, announced that it was shutting down its two-year old Senfina Advisors after it lost 24 percent in 2016.  The $1.8 billion Senfina Advisors was an in-house multi-manager fund that was supposed to offer a fund of the firm’s best ideas across different management teams.  …

Brokerage Customers of Caldwell International Securities Corp. Should Contact Us

On October 17, 2016, FINRA, which regulates stock brokers and brokerage firms, announced that it fined Alex Etter and Caldwell International Securities Corp. in New Jersey, for charges that they engaged in risky speculative trading to generate commissions.   FINRA charged Caldwell with generating more than $1 million in “shady commissions,” and lacking a reasonable supervisory …

Zamansky LLC Investigates 13 Investment Management Firms Over “AlphaSector” Strategy ETFs

Zamansky LLC announces that it is investigating 13 investment management firms over their investment of client money into AlphaSector Exchange Traded Funds (“ETFs”).   The AlphaSector strategy was developed by F-Squared Investments which has since admitted in an enforcement case brought by the United States Securities and Exchange Commission (“SEC”) that its purportedly “real” past performance …

Zamansky LLC Investigates Platinum Partners Value Arbitrage Fund

The law firm is investigating the Platinum Partners Value Arbitrage Fund (“Platinum”) over its decision to close, and reported losses suffered  in Echo Therapeutics.   Platinum’s founder Murray Huberfeld was arrested June 8, 2016, and charged with allegedly paying a $60,000 “kickback” to Norman Seabrook, President of the NYC Corrections Officers Benevolent Association, in exchange for …

Zamansky LLC Investigates Hedge Funds With Large Valeant Stock Losses

The law firm is investigating various hedge funds which suffered large losses from investing in Valeant Pharmaceutical International Inc. (“Valeant”) stock.   According to public reports, these hedge funds include Pershing Square Capital Management, ValueAct Holdings, Brahman Capital, Brave Warriors Advisors, Okumus Capital and Senzar Asset Management have suffered large losses from investments in Valeant stock. …

Zamansky LLC Investigates Strategic Return Notes Sold to Merrill Lynch Brokerage Customers

Zamansky LLC is investigating claims for investors to recover losses suffered by Merrill Lynch brokerage customers who purchased Strategic Return Notes (“SRNs”).  In 2010, Merrill Lynch and Bank of America created the Strategic Return Notes which are notes with a maturity which do not pay interest but repay investors a variable amount based upon the …