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An investor complaint in 2002 against a Merrill Lynch internet analyst shined a spotlight on the lucrative relationships between analysts at Wall Street banks and their executive counterparts in investment banking. The complaint highlighted how analysts, who typically sounded like independent voices dispensing wisdom on the prospects of high risk […]
We are investigating the Morgan Stanley Cushing MLP High Income ETN, an exchange-traded note tied to master limited partnerships that hold energy and shipping assets, for possible sales practice violations. These Morgan Stanley Cushing MLP High Income ETN notes can be high risk and speculative investments. No investor should have […]
Zamansky LLC is investigating the Energy & Minerals Group Fund II, III and IV, LP hedge funds (the “EMG Funds”), offered by Energy & Minerals Group (“EMG Group”), the firm led by John T. Raymond, the son of former the former Exxon Mobil Corp. Chief Executive Officer Lee Raymond. The […]
In the past two years, the price of oil has dropped by more than 70 percent. From its all-time high of $147 in July 2008, the price of a barrel of oil dropped to below $30 in February 2016. The collapse of the price of oil has wreaked havoc on […]
Zamansky LLC is investigating the collapse of the Visium Credit Opportunities Fund LP and Offshore Fund Ltd., the $280 million hedge fund which shut in 2013. On March 6, 2016, Visium Asset Management LP reportedly sent a letter to investors notifying them that the U.S. Department of Justice and S.E.C. […]
With fear bubbling in the junk bond market, it turns out that very few investors have interest in the latest Goldman offering. In fact, investors are currently losing their appetites for junk bonds altogether. Perhaps investors are leery of junk bonds at the moment because they know the promise of […]
As we reported last September, Zamansky LLC attorneys Jacob H. Zamansky and Edward H. Glenn Jr. secured a $3.1 million arbitration award on behalf of investors in a case against UBS. The case – an arbitration before the Financial Industry Regulatory Authority (FINRA) – arose out of losses that our […]
Call it the Thunderdome of the securities industry. For the 4,000 firms, 637,000 registered representatives and millions of investors in the U.S. brokerage industry, there’s practically only one way to settle disputes: Financial Industry Regulatory Authority arbitration. Here, in part one of a series on FINRA arbitration, Law360 offers a primer on […]
As we have recently discussed, so-called “high-yield” investment opportunities present a number of potential risks for individual investors. Among these risks is the ever-present threat that your investment opportunity is not actually an investment at all, but rather a scam designed to leave you with nothing. Recently, both the Securities […]
The sudden passing of Justice Antonin Scalia and the ensuing political scramble to replace him could have a profound effect on Puerto Rico’s debt crisis. In June, The Supreme Court will decide whether or not Puerto Rico’s public utility, PREPA can restructure its own debts. The Supreme Court will consider […]