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A recent, questionable deal by the Wall Street behemoth, Blackstone has shaken investor confidence in the markets. For months now, the Wall Street Journal has been reporting on a shady deal between Blackstone and Hovnanian Enterprises. One of the largest asset managers in the world, Blackstone offered Hovnanian a low-cost loan and “persuaded the builder …
When a customer shops at a used car lot to purchase a previously owned vehicle, she can usually check the dealer markup by comparing the offering price to the book value in the Kelley Blue Book, a well-respected pricing guide. That way, the consumer can tell if she is about to get ripped off and …
Last year, we reported on a case in which the Securities and Exchange Commission (SEC) was pursuing charges against a Chicago investment advisor, Daniel H. Glick, for allegedly defrauding senior investors out of millions of dollars and using their savings to fund his own lavish lifestyle. Federal prosecutors pursued criminal charges against Glick as well; …
Five years after the Puerto Rico bond market collapsed, ruining the retirement and life savings of thousands of retail investors, investigators are likely to place much of the blame on the big banks who underwrote and sold the bonds to Mom and Pop clients. According to recent news reports, an independent investigator has been hired by …
On April 12, 2018, a federal grand jury in Tennessee indicted John Sherman Jumper, a former securities broker, on charges relating to an alleged $5.7 million fraud scam targeting the pension funds of a brick manufacturing company located in Pennsylvania. The indictment came following an investigation conducted by the Federal Bureau of Investigation (FBI) with …
If you are like most people, you rarely give much thought to your 401k. You know it is there, and you know you contribute to it with every paycheck, but you do not watch it closely, and you certainly do not monitor it for signs of fraud. Unfortunately, financial fraud targeting 401k retirement plans is …
Investors in cryptocurrencies face challenges as the market for virtual coins isn’t as carefully regulated as the market for trading in many other types of assets. Working with a cryptocurrency lawyer is advisable to ensure that your rights are protected and that you make sure your investment dollars are as safe as possible when buying …
Investing in cryptocurrency comes with many risks, even beyond the risks inherent in investing in a volatile asset. A Bitcoin attorney can provide help to clients in understanding and mitigating those risks in order to maximize the chances that investing in cryptocurrency can produce a positive return on investment. One of the big risks of …
On April 9, the Securities and Exchange Commission (SEC) issued an Investor Alert highlighting the risks of Ponzi schemes targeting senior investors. As explained by the SEC, “In a Ponzi scheme, fraudsters use money they collect from new investors to pay existing investors. What appears to be a return on your investment is actually money …
While the Financial Industry Regulatory Authority (FINRA) and the Securities and Exchange Commission (SEC) routinely issue alerts warning investors of new trends in investment fraud scams, it is not often that they highlight the same risks at the same time. But, in recent months, FINRA and the SEC have both issued alerts calling attention to …
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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