Reuters recently reported that the oil and gas industry is experiencing a wave of bankruptcies, the likes of which haven’t been seen since the telecom bust in the early 2000s. At the start of May, 59 oil and gas companies had filed for bankruptcy, with at least one additional company […]
Hedge funds over the first three months of 2016 suffered their worst quarter in seven years. That prompted investors to withdraw a whopping $15 billion from hedge fund investments, according to a recent report. The reason why investors are fleeing these supposedly elite investment vehicles for the ultra-rich and sophisticated […]
The Federal Trade Commission, an independent agency of the U.S. government, has recently been moving to block mergers between large, powerful corporations. The reasoning behind the FTC’s drive to shut down certain large mergers is simple. Where there are too few providers of a product or service, consumers are likely […]
In the game of chess, when most of the pieces are gone from the board, the superior player can likely win if he has a good “end game” and knows how to use the remaining pieces to corner his opponent and declare checkmate. Is there an end game in play […]
High-yield investment programs (commonly known as “HYIPs”) have seen a recent surge in popularity, fueled by social media and savvy Internet marketing tactics. However, while these HYIPs often promise quick, substantial returns – in some cases as much as 100 percent per day – as the Financial Industry Regulatory Authority […]
In April, the Department of Labor (DOL) released the final version of a new rule intended to protect retirement investors. The new rule, which begins to go into effect in April 2017 and becomes fully effective on January 1, 2018, provides that investment advisors and broker-dealers who offer individualized investment […]
For many years, energy company stocks and other energy-related investments were considered to be among the more-stable opportunities on the market for individual investors. While no investment is ever a sure thing (and if someone says they can offer you guaranteed returns, you should probably run the other way), oil, […]
The Employee Retirement Income Security Act (ERISA) is a federal law that was enacted specifically to protect employees who have pensions and invest for retirement through their employers. This includes employees with defined benefit pension plans, 401(k) plans and employee stock ownership plans. Under ERISA, employers have a number of […]
The Department of Labor just published a “fiduciary duty” rule which applies to 401(k) and retirement accounts. The intent of the rule is to make the retirement savings of Mom and Pop investors safer. Brokers will no longer be able to easily load up clients’ retirement accounts with high risk securities, like hedge funds.
Being on the Plaintiff’s Side Is More Fun – Zamansky LLC partner Samuel Bonderoff answers Bloomberg BNA’s Andrea L. Ben-Yosef’s questions about ERISA litigation, including his personal experience as an ERISA litigator and his views on the United States Department of Labor’s new fiduciary rule.