Stockbrokers Must Now Act in Their Customers’ Best Interests

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 or “Reg BI” goes into …

Zamansky LLC Makes Law360’s “Legal Lions” List

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 Circuit on Monday reinstated a …

UBS Pulls ETRACS Exchange-Traded Note (ETN) Off Market as Value Plunges to Near Zero

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 as the reason for these …

Jake Zamansky Quoted in WSJ Regarding YES Financial Losses

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 heavy financial losses.    Investors …

Claims Related to the UBS YES Strategy Continue to Soar

In a recent article posted on AdvisorHub.com, investment fraud attorney Jacob Zamansky notes that there were approximately 1,500 clients who invested in the UBS YES strategy to the tune of $6 billion. Claims are rising steadily, and Zamansky LLC is currently handling 65 claims thus far and seeking damages of more than $120 million. YES …

Risk Recycling, the New Mortgage-Backed Securities (MBS)

Wall Street Created Structured Products For Yield Chasers. Firms Offloaded the Risk To Hedge Funds. Structured Product Holders Suffered Steep Losses. As retail investors searched for yield after the credit crisis of 2008, Wall Street gladly satisfied that need by taking a page from their 2008 financial crisis playbook. Remember how in the last crisis, …

Clients Get Burned When Brokers Sugarcoat Investment Risk

Brokerages sold retail investors billions of dollars of complex and risky volatility linked investments. Volatility investments have been hit hard in the recent market turmoil. Investors’ nest eggs have suffered huge losses. Mom and pop retail investors need to examine the sales pitches many brokers made to them for high-yield investments and supposedly super safe, …

It’s Time to Look Under the Hood of Your Investments

This is a trying time for investors as we’ve all watched the market fall over the last several weeks. Attorney Jake Zamansky encourages all investors to take a look under the hood of your investment portfolios to find out whether there are certain assets that are more of a risk than originally thought. Our Seeking …

Autocallable, Callable Yield, Other Structured Notes Under Investigation for Coronavirus-Related Losses

Securities fraud attorney Jake Zamansky spoke to Businesswire.com about the most recent market volatility stemming from the Coronavirus pandemic. He and his team are conducting an investigation into related stock market losses that have occurred over the last two weeks for investors with structured notes from various companies, including Autocallable Securities and Callable Yield Notes. …