Puerto Rico’s $70 billion debt crisis is coming to a head. Massive defaults are looming, Congress is dithering over a solution to the calamity and Puerto Rico’s government is taking steps that will protect its residents but potentially harm its bond holders. The dire situation worsened on Wednesday. “Benchmark Puerto […]
As we reported in January, Zamansky LLC has filed a gross negligence-based lawsuit against investment firm Third Avenue Management, its founder Martin Whitman, and other company executives. The lawsuit, in which attorney Jacob Zamansky represents an individual investor who had $20,000 invested in the fund, is among a number of […]
As an individual investor, bonds are likely an important part of your investment portfolio. Bonds provide diversification, and they can also provide greater certainty with regard to investors’ expected returns. However, like other types of investments, some bonds are safer than others. The riskiest types of bonds are known as […]
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 […]