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It’s a new year, but individual investors continue to face many of the same risks when it comes to broker fraud, unsuitable investment advice and fraudulent investment scams. If you are planning to invest in 2017, the Securities and Exchange Commission (SEC) has 10 tips for, “mak[ing] better informed investment […]
Zamansky LLC recently filed an ERISA class action on behalf of current and former L-3 employees to recover lost retirement savings in the wake of an accounting fraud. Samuel Bonderoff, Zamansky LLC partner, told Bloomberg BNA that this lawsuit contains specific factual allegations and “builds off L-3’s recent $1.6 million […]
One of the first rules of investing for individual investors is to make sure you give your money to someone you trust. Boiler rooms are making a comeback, and unsolicited calls and emails from supposed investment brokers are classic signs of a fraudulent investment scam. But, what if you hear […]
President Donald Trump’s U.S. Supreme Court front-runners—Judge Thomas Hardiman of the U.S. Court of Appeals for the Third Circuit, Judge Neil Gorsuch of the Tenth Circuit and Judge William Pryor of the Eleventh Circuit—appear to be more “issuer” and “broker-dealer friendly” than “investor friendly.” However “no matter whom Trump nominates, […]
If you have suffered losses in your brokerage account due to broker fraud, the primary way to recover your losses is by filing for securities arbitration with the Financial Industry Regulatory Authority (FINRA). Federal regulations require all registered brokers to arbitrate disputes with their clients through FINRA, and FINRA arbitration […]
Oil and gas investment scams continue to pose a significant risk for individual investors. These scams, which often target elderly investors and individuals with little experience investing (and usually no experience investing in speculative oil and gas ventures), are commonly designed to lure investors into building their investments gradually. Then, […]
The U.S. Virgin Islands share many of the same fiscal problems that have made Puerto Rico insolvent: high levels of debt, mounting pension obligations and a declining population. It also has lost several large private employers. The Virgin Islands have a $110 million budget deficit, and recently failed at raising $220 […]
There is a new type of variable annuity called a buffer annuity that is beginning to gain popularity among financial advisors who sell these products. It is highly complex and uses structured products — not mutual funds — in the sub account as the underlying investment. FINRA has started to […]
If you have suffered sudden and unexpected losses in your brokerage account, it is worth investigating whether your losses may be the result of investment fraud. Investment fraud is far more common than most investors would like to believe, and each year numerous investors recover their fraudulent losses through arbitration […]
An unfortunate reality of being an individual investor is that you must constantly be aware of the risk of fraud. While many fraud schemes target specific groups such as inexperienced or elderly investors, cases like the Bernie Madoff scandal show that even sophisticated investors can fall victim to complicated scams […]