Zamansky LLC Investigates Harvest Volatility Management CYES Investments

Zamansky LLC: Investment Fraud Attorneys for Claims Involving Collateral Yield Enhancement Strategy (CYES) Investments Our attorneys are currently investigating claims that Harvest Volatility Management Collateral engaged in fraudulent sales of collateral yield enhancement strategy (“Harvest CYES”) investments to clients of Merrill Lynch Wealth Management (“Merrill Lynch”). Merrill Lynch is the broker-dealer division of Bank of …

Has UBS Finally said NO to YES?

Summary >  The Yield Enhancement Strategy (YES) Suffered Huge Losses in 2018 >  YES Was Not Positioned To Accept 2018  Market Volatility >  The YES Strategy Has Been Shut to New Money   UBS financial advisors sold the so-called “UBS Yield Enhancement Strategy” – or YES – to their mostly ultra-high net worth customers starting …

Volatility Investors Beware: A Storm is Brewing

Volatility Investors Vulnerable to Losses Just as hurricane Dorian has devastated parts of the Bahamas, retail investors are potentially facing a volatility storm. Indeed, UBS and Merrill Lynch investors whose portfolios are exposed to volatility sensitive yield enhancement options strategies are particularly vulnerable. Volatility investors may be glad to see the wild swings of August go, …

Lawsuits Against UBS and Others for Yield Enhancement Strategy Losses Continue to Gain Momentum

News of YES Losses and Arbitration Increases in Financial Media Circuits It’s no secret that investors have been unhappy with their purchase of yield enhancement strategy (YES) and iron condor investment options. Though clients were promised a safe and stable financial investment by their broker, the results of these purchases were anything but financial gains. …

Zamansky, LLC Featured in Wall Street Journal for YES Lawsuit Representation

Zamansky, LLC: Protecting Clients with Yield Enhancement Strategy Losses Investors and those who follow financial news may have become aware of the increase in lawsuits forming against UBS, Merrill Lynch, Credit Suisse and other brokerage and advisory firms. Backlash against these companies is escalating due to the sale of yield enhancement strategies (YES). Promised to …

Market Volatility May Be The New Normal

Note: This blog post was also posted in Seeking Alpha on 8/12/19.  The market is bouncing wildly, and that should make Mom and Pop investors pause and take note. The S&P 500 hit new highs in mid-July, reaching 3,000. Then on Monday, it had its worst day of the year, losing 3% to close trading …

Sophisticated Investors Have Rights, Too!

Summary So-called “Sophisticated” investors have won investment fraud cases. Investors recover losses where there has been investment fraud. Sophisticated investors have legal rights too.   There is a misconception among investors that if one is sophisticated, meaning a person with knowledge of financial matters like a business owner or a CPA, one cannot prevail in …

Riot Blockchain Announces “Material Weaknesses” in Financial Reporting Controls and Says It “May Never Become Profitable”

Riot Blockchain, a publicly-traded Bitcoin and Litecoin mining company previously known as Bioptix, recently announced that its auditors had found “material weaknesses” in the company’s internal controls for financial reporting. The cryptocurrency company, which reported holding more than $41.6 million in cash at the end of 2017, also reported that it currently has just over …

SEC Issues New Warnings Regarding Online Cryptocurrency Trading

As cryptocurrency trading continues to grow in popularity among casual investors, and as new initial coin offerings (including fraudulent initial coin offerings) become increasingly common, the Securities and Exchange Commission (SEC) is warning investors to be wary of the risk of cryptocurrency scams. In a recent Investor Alert, the SEC discusses some of the more-recent …

Surprise, You Own Chinese Bonds!

Imagine your financial adviser selling you a bond fund that you thought was invested in low risk index or municipal securities only to find out that much of your holdings are in high-risk Chinese or Puerto Rico bonds. Unfortunately, that is the situation facing investors who may have unwittingly bought bond funds without realizing they …