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Late last month, President Obama selected an All-Star team of seven experts in finance and law to clean up the fiscal mess in Puerto Rico. The new group, a team of law professors, scholars and businessmen known as the Independent Control Board, has the herculean task of restructuring the Island’s […]
Author: Zamansky LLC
In July, the Securities and Exchange Commission (SEC) issued an Updated Investor Alert warning of investment fraud schemes targeting older individual investors. The Updated Investor Alert identifies five “red flags” that are hallmarks of frauds targeting elderly investors. We summarize these red flags below: The SEC’s Five “Red Flags” for […]
As an individual investor, it is crucial that you are able to trust your broker. Unfortunately, sometimes there is simply nothing you can do to make sure that your investment account is completely secure. Consider, for example, the recent case of one former JPMorgan broker who recently received a five-year […]
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 […]
Puerto Rico is still basking in the glory of Monica Puig’s gold medal win in tennis at the Olympics in Brazil. She is the first Olympic gold medal winner in any sport for the island commonwealth. Unfortunately, Puig’s victory is where the good news ends for the island. Regular readers […]
It’s a simple question, but one that most people don’t think about nearly as much as they should: How well do you know your investment advisor? Unfortunately, while there are plenty of honest, experienced advisors who make smart investment recommendations and build their clients’ portfolios over time, there are far […]
If you spent years, or maybe even your whole adult life, saving for retirement and now you suddenly find yourself with nothing, tragically, you are not alone. Individuals with IRAs, 401(k)s, pensions and other retirement accounts routinely find themselves in this unenviable situation due to fraud, mismanagement and other bad […]
President Obama at the end of June signed a new law creating a financial oversight board – or FOB – with the power to approve a court-supervised restructuring of Puerto Rico’s massive $70 billion debt. The law came a day before the Island defaulted on a $2 billion debt payment. […]
Do you know what constitutes an “alternative investment”? If you are like most casual investors, you trust your broker or financial advisor to recommend sound investments, and you do your best to make informed decisions based upon the information you are provided. You hear terms like “structured product” and “strategic […]
While the low price of oil is providing some relief at the pumps this summer (and is likely to help some homeowners with their heating bills this winter), the implications of the current oil and gas surplus reach far beyond providing a little breathing room in the average monthly budget. […]