INVESTOR ALERT: UBS Yield Enhancement Strategy (YES) Update on COVID-19 SPX Market Crash

March 16, 2020 02:36 PM Eastern Daylight Time NEW YORK–(BUSINESS WIRE)–Zamansky LLC issues this update for investors in the UBS Yield Enhancement Strategy (YES). UBS investors in YES who are still holding the strategy in their portfolios are reporting losses in excess of 32 percent. YES is a form of investing where call and put …

Continued Market Chaos May Lead to Innumerable Investor Claims

Recently, we’ve all seen an uptick in market volatility in relation to the coronavirus pandemic. In general, everyone is concerned about what the pandemic means for them personally and financially. But investors, in particular, are appropriately concerned about what it all means for their portfolios. Were investors advised appropriately? Were their portfolios diversified enough? New …

Investors Caught in the Wild Winds of Volatility

The Stock Market Is Wildly Gyrating Volatility May Be the New Normal Retail Investors Should Diversify Mom and Pop investors should be prepared to see the value of their hard-earned retirement accounts continue to gyrate wildly in the days and weeks ahead. “It was Wall Street’s worst day in more than a decade: Stocks plunged …

Coronavirus Market Crash Losses Could Actually Be Your Broker’s Fault

They are calling the latest coronavirus stock market fiasco the Black Monday Meltdown. For some, it should be called the Bad Broker Bungle. The March 9 trading day had barely begun when an automatic 15-minute halt in trading occurred after losses reached 7 percent. By the end of the day, the Dow had dropped 7.8 …

FINRA Announces Enforcement Priorities for 2020

In January, the Financial Industry Regulatory Authority (FINRA) announced its top priorities for 2020 in the areas of risk monitoring, surveillance and examination of securities offerings, stock brokerage firms and individual brokers. The list, which is in the form of a letter from FINRA President and CEO Robert Cook, highlights many of the key concerns …

Did You Invest in an Initial Exchange Offering (IEO)?

A couple of years ago, initial coin offerings (ICOs) burst onto the scene as a new and innovative way for the public to invest in cryptocurrencies. Individual investors seeking to profit from speculation in Bitcoin and other currencies flocked to ICOs, and they brought substantial profits to the companies that issued the offerings. At the …

SEC: Look Out for Coronavirus-Related Investment Scams

Unfortunately, while humanitarian crises bring out the best in some people, they bring out the worst in others. As the death toll from the Wuhan coronavirus continues to rise around the world, the U.S. Securities and Exchange Commission (SEC) has issued a warning that individual investors need to be wary of coronavirus-related investment fraud scams. …

In Latest Development, GPB Capital Executive Charged with Obstruction of Justice

Our firm began investigating allegations that GPB Capital Holdings (“GPB Capital”) was engaged in fraudulent sales practices in 2018. In August 2019, we published an update noting that the Securities and Exchange Commission (SEC), the Financial Industry Regulatory Authority (FINRA) and the Federal Bureau of Investigation (FBI) were all looking into GPB Capital’s private placements, …