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The stock market’s volatility continues to roil and slam retail investors’ portfolios. After last month’s ups and downs, the Dow continued its downward trajectory this week by dropping another 700 points. While many focus on such dramatic plunges, there is a more obscure, almost hidden problem in the financial system: public employee pension funds across …
Variable annuities have long been a retirement investment product which Wall Street pushed on Main Street customers to generate fees and commissions, commonly 6% of the amount invested. That means if a client buys a variable annuity from a broker for $100,000, the broker is paid a whopping commission of $6,000. When comparing those fees …
As the stock market skids downward and sees increased volatility, investors should take a close look at their secured loan portfolios. All across Wall Street, securities-based lending is red hot, as The Motley Fool noted. And guess who the target is? You guessed it, Mom and Pop. Nearly a decade into a bull market, banks …
The market sell-off last week reminded investors that October can be spooky, and Halloween is still weeks away. From Wednesday to Friday, the S&P 500 hit fresh lows, dropping 5% in hours, with most stock averages down 4% after the rocking and rolling week. Remember, Wall Street traders are particularly nervous in October. Unprecedented drops in the …
Bitcoin is around 10 years old, but the future of the cryptocurrency remains uncertain according to a recent Forbes article. According to Forbes, a new report indicates that the financial system that created Bitcoin could end up making the cryptocurrency obsolete. Investors need to be aware of the potential risks of purchasing Bitcoin, including legal …
Since its recent infancy, fraud has plagued the cryptocurrency market. Combine cryptocurrency’s inherent obscurity with the fact that many potential investors do not know much more than what they have read about Bitcoin in headlines, and you get an entire industry that is ripe for abuse. FINRA Targets Alleged Cryptocurrency Securities Fraud Recently, the Financial …
When Hurricane Florence ravaged the coastal Carolinas this summer, it left more than 50 people dead and an estimated $17 billion to $22 billion in damage in its wake. While the southeastern United States has seen more than its fair share of hurricanes in recent years, Florence was among the worst to make landfall, and …
Buying Bitcoin can be complicated, and those who decide to trade Bitcoins should consider getting advice from a Bitcoin attorney who can provide insight into the regulations and laws surrounding cryptocurrency markets. There’s one unorthodox way that you could purchase Bitcoin in the near future: you could buy it at an auction that is being …
As we sit a few days past the ten-year anniversary of Lehman Brothers’ downfall on September 15, 2008, it is clear that Wall Street and investors have not learned the lessons of the financial crisis. Following the bankruptcy of Lehman Brothers, the entire financial system was on the verge of failure. A panic and contagion …
Transamerica Corporation (“Transamerica”) is a conglomerate of investment firms and life insurance providers serving retirement savers and other individual investors in the United States. Recently, the Securities and Exchange Commission (SEC) entered into a settlement with four Transamerica entities to settle allegations of investment fraud for more than $97 million. According to the SEC’s press …
Mr. Zamansky's securities law blog is closely read and monitored by regulators and influential financial reporters and has prompted several major news and feature stories.
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