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As the stock market coasts along at all-time highs, market observers are sensing that a big correction – a fall of at least 10% in the broad market – is on the horizon. At a time when many observers say financial hazards are sharply increasing, Wall Street firms are pumping […]
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 […]
The Financial Industry Regulatory Authority (FINRA) has announced the merger of two separate enforcement programs. The program that focuses on member firms will be merged with the program that focuses on over-the-counter trading. Jacob Zamansky told Bloomberg BNA that “It’s an appropriate move to merge, and hopefully it will make […]
Last month, the Republican controlled House of Representatives passed the “Financial Choice Act,” which, if passed in the Senate, and then signed into law, would gut reforms to the financial system created by the 2010 Dodd-Frank Act. Democrats immediately dubbed it the “Wrong Choice Act” because it would eviscerate Dodd-Frank, […]
The law firm is investigating the collapse of EnerVest Ltd. (“EnerVest”), the $2 billion private-equity fund based in Houston, Texas. EnerVest reportedly raised over $1.3 billion in 2013 and borrowed heavily to invest in oil and gas wells before energy prices plummeted. Now EnerVest’s lenders are negotiating to take control […]
Defendants asked a Texas federal court to dismiss a class action suit brought by Zamansky LLC on behalf of Exxon employees. The suit alleges that Exxon hid its knowledge of climate change and made false and misleading disclosures causing its retirement plan to lose value. Zamansky LLC partner Samuel Bonderoff […]
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 […]