Zamansky LLC Investigates Securities Fraud in EB-5 Immigrant Investor Programs

In January 2017, the U.S. Securities and Exchange Commission (“SEC”) filed for an injunction freezing the assets of Emilio Francisco and his company, PDC Capital Group LLC.  The SEC accused them of defrauding investors of $72 million of funds raised from them, and diverting the money to buy a yacht.  Recent SEC suits also include …

Wells Fargo Brokerage Customers Who Suffered Losses In Puerto Rican Bonds

We have filed several FINRA arbitrations on behalf of Wells Fargo brokerage account customers to recover losses suffered in Puerto Rican bonds. These customers were elderly or retired with conservative and low risk investment objectives who sought to preserve principal while earning income. During 2011 through 2014, these brokerage customers were sold Puerto Rican bonds …

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 …