Skip to Content
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 […]
When seeking to recover fraudulent investment losses from a broker or brokerage firm, the primary method for doing so is filing an arbitration claim with the Financial Industry Regulatory Authority (FINRA). However, there is also another option which, under the right circumstances, can help further streamline the process of recovering […]
On November 23, 2016, Zamansky LLC filed a class action lawsuit and has been appointed lead counsel on behalf of all current and former employees of Exxon Mobil Corporation (“Exxon”) who were participants in the Exxon Mobil Savings Plan (the “Plan”). The lawsuit alleges violations of the federal Employee Retirement […]
Zamansky LLC, as sole interim class counsel, successfully obtained preliminary approval of a $4.5 million settlement for J.C. Penney employees in an ERISA class action over misrepresentations related to J.C. Penney’s “fair and square” pricing strategy. In Law360’s JC Penney Wins Initial OK for $4.5M ERISA Deal article by Fola […]
Securities Defense Bar Praises Trump SEC Pick, New York Law Journal, by Christine Simmons President-elect Donald Trump nominated Jay Clayton, a partner at Sullivan & Cromwell, to lead the U.S. Securities and Exchange Commission, a nomination that securities litigators and other lawyers who have worked with Clayton greeted with enthusiasm. […]
Jacob Zamansky’s blog post Could The DOL’s New Fiduciary Duty Rule For Retirement Accounts Boomerang On Investors? was recently published as an article in the November 2016 issue of Wall Street Lawyer – Securities in the Electronic Age (Volume 20, Issue 11). The article, which discusses the Fiduciary Duty Rule […]