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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 […]
Puerto Rico is drowning in debt, its population and tax base are shrinking and its infrastructure is crumbling. Puerto Rico needs any help it can get. Against that backdrop, the U.S. Congress is finally set to throw the island a lifeline, with the House approving legislation last week that […]
The Securities Industry is incapable of putting its customers first. That’s clear after taking a look at the growing legal and political storm surrounding a new investor protection rule recently put forth by the Department of Labor. After years of deliberation and study, the DOL in April issued a […]
Reuters recently reported that the oil and gas industry is experiencing a wave of bankruptcies, the likes of which haven’t been seen since the telecom bust in the early 2000s. At the start of May, 59 oil and gas companies had filed for bankruptcy, with at least one additional company […]
Hedge funds over the first three months of 2016 suffered their worst quarter in seven years. That prompted investors to withdraw a whopping $15 billion from hedge fund investments, according to a recent report. The reason why investors are fleeing these supposedly elite investment vehicles for the ultra-rich and sophisticated […]
The Federal Trade Commission, an independent agency of the U.S. government, has recently been moving to block mergers between large, powerful corporations. The reasoning behind the FTC’s drive to shut down certain large mergers is simple. Where there are too few providers of a product or service, consumers are likely […]
We filed a FINRA arbitration on behalf of a 63 year-old New York investor who is a brokerage customer of Wells Fargo Advisors LLC. The Statement of Claim alleges that the investor was retired and living off of the income from his bond portfolio. He alleges he was advised to […]
We are investigating the Oppenheimer Commodities Strategy Total Return Fund (the “Fund”) (QRAAX, QRANX, QRACX, QRABS, QRAYX and QRAIX) over the recent shut-down of this two-decade-old fund. The Fund has suffered losses of approximately 27% in 2015, and 22% in 2014, and has seen its assets fall from $250 million […]