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The Federal Trade Commission, an independent agency of the U.S. government, has recently been moving to block mergers between large, powerful corporations. The reasoning behind the FTC’s drive to shut down certain large mergers is simple. Where there are too few providers of a product or service, consumers are likely […]
Author: Zamansky LLC
We filed a FINRA arbitration on behalf of a 63 year-old New York investor who is a brokerage customer of Wells Fargo Advisors LLC. The Statement of Claim alleges that the investor was retired and living off of the income from his bond portfolio. He alleges he was advised to […]
We are investigating the Oppenheimer Commodities Strategy Total Return Fund (the “Fund”) (QRAAX, QRANX, QRACX, QRABS, QRAYX and QRAIX) over the recent shut-down of this two-decade-old fund. The Fund has suffered losses of approximately 27% in 2015, and 22% in 2014, and has seen its assets fall from $250 million […]
Proposed Rule Would Allow Consumers to Sue Banks, Credit-Card Companies – Current mandatory arbitration clauses in contracts force customers into private negotiations to solve disputes, Wall Street Journal, by Yuka Hayashi and Christina Rexrode. The Consumer Financial Protection Bureau proposed a rule on Thursday restricting the use of mandatory arbitration […]
In the game of chess, when most of the pieces are gone from the board, the superior player can likely win if he has a good “end game” and knows how to use the remaining pieces to corner his opponent and declare checkmate. Is there an end game in play […]
High-yield investment programs (commonly known as “HYIPs”) have seen a recent surge in popularity, fueled by social media and savvy Internet marketing tactics. However, while these HYIPs often promise quick, substantial returns – in some cases as much as 100 percent per day – as the Financial Industry Regulatory Authority […]
In April, the Department of Labor (DOL) released the final version of a new rule intended to protect retirement investors. The new rule, which begins to go into effect in April 2017 and becomes fully effective on January 1, 2018, provides that investment advisors and broker-dealers who offer individualized investment […]
For many years, energy company stocks and other energy-related investments were considered to be among the more-stable opportunities on the market for individual investors. While no investment is ever a sure thing (and if someone says they can offer you guaranteed returns, you should probably run the other way), oil, […]
The Employee Retirement Income Security Act (ERISA) is a federal law that was enacted specifically to protect employees who have pensions and invest for retirement through their employers. This includes employees with defined benefit pension plans, 401(k) plans and employee stock ownership plans. Under ERISA, employers have a number of […]
The Department of Labor just published a “fiduciary duty” rule which applies to 401(k) and retirement accounts. The intent of the rule is to make the retirement savings of Mom and Pop investors safer. Brokers will no longer be able to easily load up clients’ retirement accounts with high risk securities, like hedge funds.