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Indexed annuities are complex investments that are not intended for casual investors. While most investors are familiar with the basic concept of an annuity (a series of guaranteed payments over time, usually from an insurance company), indexed annuities are far more complicated. They can present significant risks for unwitting investors; […]
Author: Zamansky LLC
Firm founder and Bitcoin lawyer Jake Zamansky has discussed the fraud risks associated with initial coin offerings (ICOs) in the past. While ICOs came into vogue when Bitcoin’s meteoric rise in value made front-page news a few years ago, they haven’t quite held their appeal since. However, many companies are […]
Multiple Brokers, Traders, and Companies have Been Charged with Investment Fraud Related to COVID-19
As if individual investors who are feeling the financial effects of the COVID-19 pandemic didn’t have enough to worry about already, the U.S. Securities and Exchange Commission (SEC) has recently initiated enforcement actions against multiple brokers, traders, and companies for alleged fraud related to the novel coronavirus crisis. Even for […]
As the COVID-19 pandemic continues to place a stranglehold on normal life in the United States, more and more people are seeking to profit from the crisis. While there are certainly legitimate business opportunities available for the taking, unfortunately, many people are also seeking to take advantage of the crisis […]
Recently, firm founder and securities fraud lawyer Jake Zamansky published an article discussing the U.S. Securities and Exchange Commission’s (SEC) new Regulation “Best Interest” (Reg BI), which went into effect on June 30, 2020. The implementation of Reg BI is an important development for individual investors, as it establishes a […]
SEC Regulation “Best Interest” Is In Effect Reg BI Imposes a Fiduciary Duty On Stockbrokers Brokers Must Put Their Customers’ Interests First Change is coming to the roughly 300,000 stockbrokers and financial advisers who sell Mom and Pop investors financial services and products. A new industry rule, Regulation Best Interest […]
In Law360’s latest weekly verdict, our own Jake Zamansky and Samuel Bonderoff were recognized for their representation of IBM employees in a case involving substantial stock declines that harmed their retirement savings. The article, in relevant part, states: “Rounding out this week’s legal lions list is Zamansky LLC. The Second […]
While stocks have recovered from their historic March lows, a complex investment product known as the UBS Yield Enhancement Strategy or YES, has not enjoyed a similar bounce back. Just a couple of months ago, the Dow Jones Industrial Average and the S & P 500 suffered their worst first […]
Individual investors who purchased ETRACS leveraged exchange-traded notes (ETNs) from UBS prior to March 2020 are facing substantial losses – so much so that UBS has pulled the product off of the market for new investors. While some will point to the economic impacts of the novel coronavirus (COVID-19) pandemic […]
Another day, another story in the news about the financial crisis investors face from their investments in yield enhancement strategy options (YES)– particularly those offered by UBS. Zamansky, LLC continues to investigate these claims, and the firm’s founder, Jake Zamansky, was recently quoted in the Wall Street Journal regarding the […]