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Collateral Yield Enhancement Strategy (CYES) Offered by Merrill Lynch, Morgan Stanley and Other Firms

February 22, 2019 In The News

Zamansky LLC is investigating an options-based investment strategy utilized by various brokerage firms — including Morgan Stanley and Merrill Lynch — sometimes referred to as the Collateral Yield Enhancement Strategy, or “CYES”. The CYES is a complicated and risky options strategy, managed by Harvest Volatility Management, LLC. The CYES utilizes […]

UBS, Credit Suisse and Other Wall Street Firms Continue to Face Scrutiny for Yield Enhancement Strategy (YES) Investments Sold to Individual Investors

February 21, 2019 Blog

Similar to all other consumer industries, there are fads in the retail investment market. One recent fad promoted by big Wall Street banks like UBS and Credit Suisse is the “yield enhancement strategy,” also known by the acronym, “YES.” Despite its catchy name, and despite being pitched as a low-risk […]

Duty-of-Prudence Claim Asserted Even Under Stricter Standard Used to Dismiss Lawsuit – New York Law Journal

January 2, 2019 In The News

IBM employees appealed dismissal of claims that fiduciaries of IBM’s employee stock option plan violated their duty under ERISA to manage plan assets prudently because they knew, but did not disclose, that IBM’s microelectronics division was overvalued. District court found a prudent fiduciary could have concluded an earlier corrective disclosure would have […]

Rare Win for Stock Drop Participants – NAPA

January 2, 2019 In The News

The participant-plaintiffs in a stock drop case have won a rare victory in federal court. The plaintiffs alleged that the IBM defendants (IBM itself, along with the Retirement Plans Committee of IBM; Richard Carroll, IBM’s Chief Accounting Officer; Martin Schroeter, IBM’s CFO; and Richard Weber, IBM’s general counsel) failed to […]

Zamansky LLC Investigates GPB Capital Holdings Private Funds

December 19, 2018 In The News

On December 18, 2018, media reports revealed that Massachusetts’ securities regulators are investigating GPB Capital Holdings, which sold approximately $1.8 million of its private funds. The funds were sold through independent brokerage firms that reportedly received 10% commissions for pushing these funds on investors. These investments, however, were highly speculative […]