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If you spent years, or maybe even your whole adult life, saving for retirement and now you suddenly find yourself with nothing, tragically, you are not alone. Individuals with IRAs, 401(k)s, pensions and other retirement accounts routinely find themselves in this unenviable situation due to fraud, mismanagement and other bad […]
President Obama at the end of June signed a new law creating a financial oversight board – or FOB – with the power to approve a court-supervised restructuring of Puerto Rico’s massive $70 billion debt. The law came a day before the Island defaulted on a $2 billion debt payment. […]
Do you know what constitutes an “alternative investment”? If you are like most casual investors, you trust your broker or financial advisor to recommend sound investments, and you do your best to make informed decisions based upon the information you are provided. You hear terms like “structured product” and “strategic […]
While the low price of oil is providing some relief at the pumps this summer (and is likely to help some homeowners with their heating bills this winter), the implications of the current oil and gas surplus reach far beyond providing a little breathing room in the average monthly budget. […]
The law firm is investigating the Platinum Partners Value Arbitrage Fund (“Platinum”) over its decision to close, and reported losses suffered in Echo Therapeutics. Platinum’s founder Murray Huberfeld was arrested June 8, 2016, and charged with allegedly paying a $60,000 “kickback” to Norman Seabrook, President of the NYC Corrections Officers […]
On June 23, 2016, the people of the United Kingdom voted by a margin of 52 percent to 48 percent to leave the European Union. The outcome of the so-called ‘Brexit’ vote remained uncertain until the referendum (in fact, many experts were predicting that the UK would remain part of […]
The law firm is investigating various hedge funds which suffered large losses from investing in Valeant Pharmaceutical International Inc. (“Valeant”) stock. According to public reports, these hedge funds include Pershing Square Capital Management, ValueAct Holdings, Brahman Capital, Brave Warriors Advisors, Okumus Capital and Senzar Asset Management have suffered large losses […]
With investment grade bond yields at record lows, and likely to stay there for a while, stockbrokers are recommending high-yield “junk bonds” to Mom and Pop investors searching for returns in this record low interest rate environment. Remember, bond prices and their yields move in the opposite direction. So, with […]
Zamansky LLC is investigating claims for investors to recover losses suffered by Merrill Lynch brokerage customers who purchased Strategic Return Notes (“SRNs”). In 2010, Merrill Lynch and Bank of America created the Strategic Return Notes which are notes with a maturity which do not pay interest but repay investors a […]
Despite a push in recent years to enact new laws designed to protect the elderly investors, it is clear that broker fraud remains a prevalent form of elder abuse. Sadly, many elderly individuals suffer from ailments that make them particularly susceptible to undue influence, and with their entire life’s savings […]