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According to an April 6, 2022 press release published by the U.S. Securities and Exchange Commission (SEC), GWG Holdings Inc. has received a notification of non-compliance from Nasdaq. As stated in the SEC’s press release, the notification is based on the fact that GWG “was not in compliance with requirements […]
These days, retirees on fixed incomes are undoubtedly very concerned about their investments and savings in general. For retiree investors who have been watching the stock market fall in recent days, you may be wondering what to do next or what options are available to you. If you are working […]
On April 4, 2022, InvestmentNews reported that GWG Holdings Inc. was on the verge of filing for bankruptcy. Citing confidential sources, the media outlet wrote that GWG, “which sold $1.6 billion in bonds backed by life settlements through a network of independent broker-dealers, is preparing to file for Chapter 11 […]
As part of our law firm’s investigation of Emerson Equity and other entities connected to GWG Holdings L Bonds, Zamansky, LLC was published in Businesswire, announcing our investigation of Tony Barouti. Barouti, of the Barouti Foundation, is a representative of Emerson Equity, and is a lead broker-dealer and underwriter of […]
Wall Street brokers such as UBS, Morgan Stanley and Merrill Lynch sold billions of dollars in complex “structured products or notes” to their retail customers in recent years. Brokers pitched the structured products as “low risk” bond-like investments with higher yields. Unfortunately, many customers were not told of the significant […]
On February 10, 2022, the U.S. Senate passed a bill that seeks to give more rights to victims of sexual harassment and sexual assault in the workplace. The U.S. House of Representatives has passed the bill as well, and President Biden has indicated that he will sign the bill into […]
As a result of the Russia-Ukraine war last week, Russia’s sovereign bonds plummeted to distressed levels and Russian stocks dropped the most on record. UBS triggered margin calls on some wealth management clients that use Russian bonds as collateral for their portfolios after marking down the value of debt issued […]
President Joe Biden is expected to issue an executive order on crypto assets as early as this week, according to reports. The executive order reportedly will direct a wide range of government agencies to study cryptocurrency and the central bank digital currency (CBDC) to design a comprehensive strategy. Some of […]
Zamansky LLC has been closely monitoring reports of a financial security breach of IRA Financial Trust, who partners with Gemini Trust Co., that resulted in $36 million dollars of cryptocurrency being stolen from account owners. Reports indicate IRA Financial Trust, a platform offering self-directed retirement accounts with cryptocurrency investments, was […]
The firm’s founder and lead investment fraud attorney, Jake Zamansky, was recently quoted in Investment News regarding the loss of hundreds of thousands of dollars that investors are facing as a result of GWG Holdings L Bonds investments.