When choosing an advisor to help plot your financial future, it is important to make an informed decision. While many financial advisors are extremely good at what they do, others are not; and, unfortunately, there are also many advisors (or “advisors”) who make their money by taking advantage of unsuspecting […]
We are investigating potential legal claims on behalf of investors who purchased L Bonds of GWG Holdings Inc. (GWGH). GWGH issued $1 billion L Bonds to investors with maturities of two to seven years to finance its purchase of life insurance policies. Recently, these L Bonds defaulted in paying interest, […]
Many investors in the U.S. who have been riding the wave of the Chinese stock craze have now seen the wave come crashing down. As reported by The Wall Street Journal, government crackdowns in the country “have wiped some $400 billion off the value of U.S.-listed Chinese companies,” and at […]
Chinese company stocks listed on U.S. exchanges are among the latest crazes in retail investing. Many investors have poured money into these stocks as a result of some commentators recommending them as “value” buys. However, investing in foreign companies presents unique risks—and this is a lesson that many investors are […]
Zamansky LLC is pleased to announce that after years of litigation, U.S. District Judge Colleen McMahon of the Southern District of New York recently approved a $4.7 million settlement for the class of IBM workers in the case of Jander v. Retirement Plans Committee of IBM. Partner Samuel Bonderoff represented […]
If you have concerns about financial fraud, you are not alone. Unfortunately, it is not uncommon for financial advisors to take advantage of the access they have to their clients’ accounts, and each year many investors lose everything to fraud. In this article, financial fraud attorney Jake Zamansky explains what […]
When you work with a stockbroker, you expect your broker to help you make informed decisions. You know there are no guarantees, but you are paying for the benefit of your broker’s expertise. So, what happens when your stockbroker provides bad advice (or puts his or her interests first)? Can […]
Online publication, Original Jurisdiction, recently gave our securities litigation law firm a much-appreciated mention in its “Law Firm of the Week” section of its 07/03/21 Judicial Notice. Lawyer-turned-writer David Lat noted that securities fraud attorney Jake Zamansky and his team’s work on behalf of the plaintiffs ultimately led to a […]
The UBS yield enhancement strategy (YES) was not what the firm’s brokers promised. While brokers told their clients that the YES strategy offered a low-risk way to earn stable returns, in fact, it was a high-risk strategy that was doomed for failure. Since the issues with the UBS YES strategy […]
Stock market fraud is a concern for all investors. Whether you invest on your own, through a brokerage firm or with an investment advisor, there is a risk that market manipulation and other fraudulent practices could leave you facing substantial losses. Here are five examples of stock market fraud schemes […]