Bitcoin has reached the mania stage, starting 2017 trading at $1,000 before almost hitting $20,000 last month and then falling to $10,000 on Tuesday. The skyrocketing price of bitcoin and other cryptocurrencies has attracted scads of speculators looking to make a quick buck, setting off alarm bells for securities regulators. […]
Jake Zamansky appeared on CNBC’s Fast Money to discuss cryptocurrency investment fraud issues and impending crackdowns on companies that may be fraudulently associating themselves with the use of blockchain technology. Click here to see the full video on CNBC
In a recent investigation into the plummeting of bond funds largely made up of Puerto Rico government bonds, CNBC revealed that broker-dealers on the Island, such as UBS, Santander Securities, Popular Securities, and Merrill Lynch, were less than “forthcoming about the extent of the risks of those bond funds” to […]
Jacob Zamansky’s article warning investors of the highly speculative nature of investing in Bitcoin and Bitcoin futures was recently published on Seeking Alpha. In his article, As Mania Mounts, Investors Bet The Farm on Bitcoin, Zamansky details how Bitcoin has reached the “mania” phase, discusses SEC Commissioner Jay Clayton’s recent […]
The Financial Industry Regulatory Authority (FINRA) has moved to diversify its pool of new arbitrators dealing with investor disputes by increasing the numbers of both African American and women arbitrators in 2016. In December of 2015, FINRA began its minority recruitment for a deeper and more diverse pool of arbitrators […]
Patricia Holtz, lead plaintiff in a Securities Class Action case, is asking the US Supreme Court to reinstate her case against JP Morgan after the bank used SLUSA to justify having the case removed from Illinois State court to federal court. The JP Morgan clients allege the bank violated its […]
Judges are less likely to dismiss class securities cases where the company has restated its financials, statistic show. Jacob Zamansky of Zamansky LLC commented, “If the restatement shows that the company was falsely trying to dress up its balance sheet, those are cases where investors are likely to recover and […]
Current and former Exxon employees, represented by Zamansky LLC, are asking the following question: “Did Exxon Mobil’s communications about climate change break the law?” Zamansky LLC filed suit in February on behalf of current and former Exxon employees who believe the answer is “yes.” The lawsuit argues that Exxon “deceived […]
Zamansky LLC Partner Samuel Bonderoff discusses the parallels between how Exxon Mobil handled climate change and how big tobacco companies handled the link between cigarettes and cancer in a radio interview featured on Austin’s NPR Station, KUT 90.5. Mr. Bonderoff also discusses the firm’s representation of current and former Exxon […]
A reformed con man is closer to recovering the $2 million he lost as a victim of a Ponzi scheme. He borrowed the money from retired Major League Baseball outfielder Shannon Stewart who played for the Toronto Blue Jays, the Minnesota Twins, and the Oakland Athletics. Any recovered funds will […]