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Over a year ago, Congress passed the “Jump-Start Our Business Start-ups Act,” better known as the JOBS Act. Its supporters said the new law would create American jobs by making it easier for “start-ups” to raise money by issuing IPOs – initial public offerings of their shares. Sounds like a […]
Despite bringing the economy to the brink of collapse in 2008 with excessively risky investments, Wall Street appears to have learned nothing from this near-death experience. Rather than recommending investments of a safer nature, Wall Street is once again hawking the riskiest of investments. According to the Wall Street Journal’s […]
The pressure is mounting on hedge fund titan Steve Cohen. With the passing of each day, it must be increasingly tougher for Cohen to enjoy his fancy new toys, including that $60-million beachfront estate in the Hamptons and the $100-million Picasso. The Feds must indict Cohen by mid-July or pass […]
Below is a recent article published by securities lawyer Jake Zamansky on Forbes.com (5.23.13) Yes, we’ve seen this movie before and it ends badly. Not only has the little-guy investor joined the stock party, but they are doing so with gusto and borrowing money to do it, lured by the […]
Below is a recent article published by securities lawyer Jake Zamansky on Forbes.com (5.15.13) Not long ago it seemed that the “smart money” was invested in hedge funds which generated outsized returns for investors. When broad markets fell by 40% in the crash of 2008 and 2009, hedgies like John […]
Jake Zamansky was quoted in an Investment News article concerning legal problems at National Financial Partners Corp. as it seeks to go private. Jake comments on the legal liability of NFP Securities Inc., which sold to its customers a Ponzi scheme called True North Finance Corp. The firm has filed […]
Below is a recent article published by securities lawyer Jake Zamansky on Forbes.com (5.1.13) The Securities and Exchange Commission needs to stop social media as a means of official corporate communication. It seems like anyone can access a high-profile Twitter account and move markets. This includes short sellers, disgruntled employees, […]
Securities fraud attorney Jake Zamansky appeared on CNBC today to discuss this week’s hack of the Associated Press’s Twitter account. The incident, in which a shadowy group called the “Syrian Electronic Army” hacked the AP Twitter account and falsely reported that there had been explosions at the White House and […]
Below is a recent article published by securities lawyer Jake Zamansky on Forbes.com (4/18/13) What do the Feds have to do to send a loud and clear message that insider trading is a serious crime with “hard-time” penalties if you are caught? Despite sending Raj and Gupta to the big […]
Below is a recent article published by securities lawyer Jake Zamansky on Forbes.com (4.4.13) Hedge fund king Steve Cohen has to be “public enemy number one.” Last week, one of Cohen’s top lieutenants, Michael Steinberg, was indicted by a federal grand jury on four counts of securities fraud and one […]