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U.S. Attorney and FBI have interviewed people of interest , the FICO stands a historic drop in these investments and securities lawyers insist that the situation is not the result of individual actions of brokers “All these allegations closed mutual funds are virtually identical. They are elderly, disabled withdrawn .” […]
Michael Lewis’s new book “Flash Boys” has exposed high frequency trader networks that jump ahead of stock orders from investors and make tiny profits on hundreds of thousands of trades throughout a routine day on Wall Street. Those tiny trades, executed much more quickly than a blink of an eye, […]
Believe it or not, the tiny U.S. island territory of Puerto Rico has a higher legal standard for financial advisors than the SEC requires on the mainland. Puerto Rico has a law that imposes a “fiduciary duty” for financial advisors to follow. That means advisers must act in the client’s […]
Stocks have soared in value the last several years, and a dangerous investment strategy is creeping back into the market: financial advisers may soon recommend that clients tap the equity in their home to buy stocks. Proven disastrous for thousands of investors in the crashes of 2000 and 2008, this […]
Insurance regulators in New York earlier this week beat up the global insurance giant AXA SA pretty good due to shoddy communication with clients about changes the company made to their AXA variable annuity contracts. The $20 million fine against the U.S. arm of the French insurer is the state’s […]
Jake Zamansky Talks About Puerto Rico Bonds in a WOSO Radio Interview. Listen Now!
Puerto Rico’s $3 billion bond offering reveals disturbing information that current bond holders should be aware of. Puerto Rico has made some astounding disclosures regarding the new offering, according to a report by Lisa Lambert of Reuters. A draft of the bond issue’s preliminary offering statement warned that a variety […]
Puerto Rico is heading towards a $3.5 billion bond offering this month which would be used to help stabilize the Island’s finances and pay interest on its $70 billion in current debt. A major question arises as to whether investors in this new debt will be given priority over existing […]
The business-friendly U.S. Supreme Court will shortly decide two cases that could impact investors’ recovery rights for decades. The key question is whether the Court will roll back existing law that currently protects investors. The stakes for Mom and Pop investors are huge; if the business lobby wins either of […]
Puerto Rico officials confirmed Tuesday on a conference call what many in the municipal bond market had been anticipating; it will return to the market with the intention to sell close to $3 billion of debt in March. The market will be closely watching this bond offering, as the proceeds […]