Below is a recent article published by securities lawyer Jake Zamansky on Forbes.com (3.19.13) It’s been a bad run the last week for Wall Street Titans.Most notably, two longstanding untouchables, JPMorgan chief Jamie Dimon and star hedge fund manager Steven Cohen, are now facing intense scrutiny for their roles in […]
Below is a recent article published by securities Lawyer Jake Zamansky on Forbes.com (3.15.13) The Senate subcommittee on investigations released a damning 300-page report on Thursday about JPMorgan’s attempt to hide and obscure $6.2 billion in trading losses the bank blamed on the infamous London Whale. The Whale, a trader […]
Zamansky LLC has filed a FINRA arbitration on behalf of a Pennsylvania couple alleging that their brokerage firm, UBS Financial Services, Inc., wrongly recommended that they purchase over $50,000 worth of structured products issued by the now-bankrupt Lehman Brothers in their individual retirement accounts. The case is FINRA No. 13-0622. […]
Below is a recent article published by securities lawyer Jake Zamansky on Forbes.com (3.6.13) Just as the Dow was zooming and booming to record highs Tuesday afternoon, sending Wall Street into fits of joy, JPMorgan CEO Jamie Dimon and the rest of the bank’s executive committee were being doused with […]
Investors have purchased approximately $1.66 billion in structured notes whose value is linked to the performance of Apple stock, and now that the stock has fallen all the way to $420 at today’s closing bell, those investors are facing the very unpleasant possibility of steep losses. As Kevin Dugan reported […]
FINRA arbitration attorney Jake Zamansky was quoted in IFLR (International Financial Law Review) on February 26. Some excerpts from the article are below. The full article, “FINRA Signals the End of Class Actions for Brokers,” is available here. Note: Finra stated its intention to appeal the decision after the article […]
Jake Zamansky was quoted today in a Bloomberg article by Kevin Dugan titled “SEC Shines Light on Derivatives-Backed Notes: Credit Markets,” praising the SEC’s effort to force firms to be transparent about their structured note offerings in this complex area. “These are complex and opaque products, and the more sunshine […]
Below is a recent article published by securities lawyer Jake Zamansky on Forbes.com (2/26/13) In what looks like an “inside baseball” dispute between the Financial Industry Regulatory Authority, which regulates all Wall Street brokerage firms, and Charles Schwab Corp., one of the leading firms with whom small investors invest their […]
Below is a recent article published by securities lawyer Jake Zamansky on Forbes.com (2/21/13) Massachusetts Senator Elizabeth Warren at a Senate hearing last week ripped into bank and securities regulators for their failure to prosecute Wall Street honchos for their rampant crookedness in the years before the credit crisis. Her […]
Jacob H. Zamansky may be an anomaly among securities arbitration litigators, at least those representing the plaintiffs’ side–he is, simply put, an optimist. Not just about his own role and future prospects in the industry–which have over a 30-year career been mostly positive–but he is optimistic about the prospects of […]