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When Wall Street lures Main Street into investing in the risky stuff known as “structured products,” things don’t always end well for the customer. Last week’s $19.5 million settlement between investment bank UBS (UBS) and securities regulators is just the latest example of why Mom and Pop have no business […]
Author: Zamansky LLC
September 2015 has been a busy year for the Securities and Exchange Commission (SEC). The SEC regularly publishes information about its enforcement activities on its website, and through the first two weeks of September we have already seen almost as many notices as we saw in all of August. Here, […]
The sky is falling in Puerto Rico. For the first time, the Government Development Bank debt, purportedly “guaranteed” by the government, is in danger of default. It is likely the GDB’s $354 million debt payment due on December 1 will be missed — a first even for a shaky borrower […]
From professional athletes to everyday individuals, people from all walks of life need to be wary of the risks they can face when trusting other people to manage their investments. Three recent high-profile securities fraud cases highlight some of these risks, and should serve as cautionary tales to individual investors. […]
Puerto Rico and its bond funds are financially under water and quickly running out of oxygen. As regular readers of this blog know, the news for Puerto Rico and the owners of its bonds keeps getting worse. This past week is no exception. For the third time since August, a […]
Many individuals who work for companies that offer retirement plans have virtually their entire life savings – or at least a significant portion of it – invested either with or through their employer. When this is the case, and when an employer’s plan manager mismanages employees’ retirement funds, employees who […]
Zamansky LLC announces it is investigating potential claims by investors with brokerage accounts over structured notes issued by Barclays Plc (NYSE:BCS), Morgan Stanley (NYSE:MS), Deutsche Bank (NYSE:DB), UBS, A.G. (NYSE:UBS), Citigroup (NYSE:C), Bank of America Merrill Lynch (NYSE:BAC), JPMorgan Chase & Co. (NYSE:JPM), Credit Suisse (NYSE:CS), BNP Paribas and other financial firms.
It looks like the end of 2015 may be the end of the road for Puerto Rico. The island’s development bank is expected to exhaust all of its cash by the end of December, according to a recent New York Times article. Making matters even more dire, a large payment […]
Traditionally only available to high-net-worth individuals, hedge funds are complex investment vehicles that can take a number of different forms. Due to their complexity, lack of uniformity and lack of government regulation, hedge funds are considered to be risky investments that should only be undertaken by sophisticated investors who understand […]
Puerto Rico last week said it had laid out a five year plan for broadly restructuring its mammoth debt. A significant question facing the politicians and bankers in charge of the debt reorganization is whether hedge fund investors, who recently bought the highly speculative bonds should be treated the same […]