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Now that Puerto Rico has filed for bankruptcy protection, many investors living in the island territory and on the U.S. mainland are anxiously awaiting a final resolution. How did we get here, and what can investors in Puerto Rico’s municipal bonds reasonably expect? Here is a recap of our coverage […]
Puerto Rico filed for bankruptcy in May. That is likely to wreak havoc on investments held by many Mom and Pop investors on the island. The state of Illinois seems to be following Puerto Rico’s lead. Will Mom and Pop investors who own Illinois bonds face a similar crisis? On […]
The Financial Industry Regulatory Authority (FINRA) is a non-governmental organization that has Congressional authorization to regulate the financial services industry, and it is one of the key watchdogs helping to protect individual investors against fraudulent investment losses. Investment advisors working in the United States must register with FINRA, and FINRA […]
Hedge funds are facing a crisis due to low return figures, increased investor withdrawals, and closures which signal potential litigation and warnings from financial advisors to “get out.” Hedge funds are very good at marketing, however investors stand to lose their entire investment. Jake Zamansky told the Post that he […]
Puerto Rico filed for bankruptcy on May 3, 2017, setting in motion an uncertain chain of events that will not only have drastic consequences for the territory’s bondholders, but which could also provide guidance for other United States territories – such as the U.S. Virgin Islands which is currently carrying […]
Millions of pages of Exxon records have been made public by New York Attorney General Eric Schneiderman as part his investigation into Exxon, however he has not yet brought charges against Exxon. But that did not stop a few lawyers from bringing actions in Texas federal courts. Zamansky LLC represents […]
Each month, the Financial Industry Regulatory Authority (FINRA) publishes a report of disciplinary actions taken against brokerage firms and investment advisors. You can find reports dating back to 1996 on FINRA’s website: Monthly and Quarterly Disciplinary Actions. Here is a summary of some of the most-noteworthy actions from FINRA’s report […]
Zamansky LLC filed an opposition to a motion to dismiss on behalf of current and former Exxon employees who have alleged that Exxon’s fraudulent climate change disclosures caused losses to their retirement savings. In the ERISA class action lawsuit, employees allege that Exxon made false statements about climate change and […]
The Department of Labor’s fiduciary duty rule – proposed under the Obama administration – was thought to be dead on arrival when Donald Trump was elected president. The Obama administration over several years created the rule because it claimed that conflicted financial advice costs American families $17 billion a year and pushes […]
Mom and pop bondholders in fiscally troubled Illinois could soon find themselves in the same rocky boat as Puerto Rico bond investors. Puerto Rico this month declared bankruptcy on $123 billion in debt and pension obligations. Indeed, Puerto Rico has become, in the immortal words of Thomas Hobbes, “the war […]