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During the 2000 presidential campaign, George W. Bush famously called Al Gore’s budget plan “fuzzy math.” Bush said Gore promised too much and couldn’t pay for what government programs he had planned. The notion of “fuzzy math” is particularly appropriate today when discussing Puerto Rico’s $72 billion ticking time bomb […]
Among its many provisions, the Employee Retirement Income Security Act (ERISA) provides protections for two classes of individuals in particular. These are (i) employees who suffer investment losses due to improper conduct, and (ii) employees who report companies’ misconduct (known as “whistleblowers”) leading to investment losses. ERISA is a complex […]
The Employee Retirement Income Security Act (ERISA) protects employees who invest their retirement savings through their employers. Among its many requirements, ERISA requires all employers to act in their employees’ best interests when managing their 401(k) accounts, pensions and other retirement assets. At Zamansky LLC, we regularly investigate ERISA violations, […]
A little more than a year ago in December 2014, this blog cautioned investors to beware falling oil and gasoline prices. One area of concern at the time was an investment called a “master limited partnership”, or MLP. We cautioned that investors in MLPs ran the risk of getting crushed. […]
Do you know how much of your 401(k) investment income gets paid to service providers? If you are like most employees with a 401(k) plan, you have no idea. Unfortunately, your employer and the companies that provide services under your plan know this, and some of them may be using […]
On December 2, we announced our investigation of an apparent fraud scheme involving a promissory note broker in New Jersey. This marks our fifth active investigation into potential investor frauds across the United States and in Puerto Rico. These schemes have each cost investors many millions of dollars. This article […]
In the movie the ‘Big Short,’ a group of savvy traders in 2005 and 2006 saw the early signs of the collapse of the U.S. subprime market, weathered the storm and ultimately profited handsomely. Many recent buyers of Puerto Rico bonds, mostly hedge funds, scooped them up at rock bottom […]
If you have information about a violation of federal securities laws or a possible securities fraud, you may be able to receive compensation from the government if you come forward. The Dodd-Frank Act gives private citizens the opportunity to help the government fight securities fraud and receive a portion of […]
The Employee Retirement Income Security Act (ERISA) is a federal law that establishes minimum standards for employer-sponsored retirement plans. As an investor in one of these plans, you have rights – including the right to file a lawsuit to recover your losses under certain circumstances. Continue reading to learn more […]
2015 was clearly a year of distress and pain for retail investors. After several years of solid gains, the broad stock market this year finally stalled. As of Monday morning, the S&P 500 was flat for the year, meaning many investors saw little to no returns on their equity portfolios. […]