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 WARNS INVESTORS ABOUT BUFFER ANNUITIES: VARIABLE ANNUITIES WITH STRUCTURED PRODUCTS

There is a new type of variable annuity called a buffer annuity that is beginning to gain popularity among financial advisors who sell these products. It is highly complex and uses structured products — not mutual funds — in the sub account as the underlying investment. FINRA has started to see complaints about these buffer …

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 …

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