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An investor complaint in 2002 against a Merrill Lynch internet analyst shined a spotlight on the lucrative relationships between analysts at Wall Street banks and their executive counterparts in investment banking. The complaint highlighted how analysts, who typically sounded like independent voices dispensing wisdom on the prospects of high risk […]
In the past two years, the price of oil has dropped by more than 70 percent. From its all-time high of $147 in July 2008, the price of a barrel of oil dropped to below $30 in February 2016. The collapse of the price of oil has wreaked havoc on […]
With fear bubbling in the junk bond market, it turns out that very few investors have interest in the latest Goldman offering. In fact, investors are currently losing their appetites for junk bonds altogether. Perhaps investors are leery of junk bonds at the moment because they know the promise of […]
As we reported last September, Zamansky LLC attorneys Jacob H. Zamansky and Edward H. Glenn Jr. secured a $3.1 million arbitration award on behalf of investors in a case against UBS. The case – an arbitration before the Financial Industry Regulatory Authority (FINRA) – arose out of losses that our […]
Call it the Thunderdome of the securities industry. For the 4,000 firms, 637,000 registered representatives and millions of investors in the U.S. brokerage industry, there’s practically only one way to settle disputes: Financial Industry Regulatory Authority arbitration. Here, in part one of a series on FINRA arbitration, Law360 offers a primer on […]
As we have recently discussed, so-called “high-yield” investment opportunities present a number of potential risks for individual investors. Among these risks is the ever-present threat that your investment opportunity is not actually an investment at all, but rather a scam designed to leave you with nothing. Recently, both the Securities […]
The sudden passing of Justice Antonin Scalia and the ensuing political scramble to replace him could have a profound effect on Puerto Rico’s debt crisis. In June, The Supreme Court will decide whether or not Puerto Rico’s public utility, PREPA can restructure its own debts. The Supreme Court will consider […]
As an individual investor, high-yield bonds certainly sound tempting. A higher interest rate without the ups and downs of the stock market — who doesn’t want that? However, as with most investments, there is more to high-yield bonds than meets the eye. For individual investors, these can be extremely risky […]
Brokers who pitched energy based structured products during the recent oil boom to conservative clients will be flooded with phone calls from angry clients. As the price of oil has crashed from $100 a barrel less than two years ago to below $30 on Thursday, investors who bought structured products […]
Junk bonds are back. A type of high-yield security that involves loaning money to a non-investment-grade company, “junk bonds” got their name because they are also extremely high-risk for both institutional and individual investors. While some bonds are junk from the beginning, others can become junk bonds when a company […]