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Zamansky LLC announces Canarsie Capital LLC over the collapse of its $60 million hedge fund managed by Kenneth deRegt and Owen Li. According to recent news, the $60 million Canarsie hedge fund collapsed within three weeks to $200,000. Reportedly, in his letter to investors dated Jan. 20, Mr. Li said […]
We are investigating UBS Financial Services Inc. (UBS) over sales of the AlphaKeys KKR Energy Income Fund to its brokerage customers. The AlphaKeys KKR Energy Income Fund is a “feeder” private equity or hedge fund established to invest in the KKR Energy Income Fund, another private equity or hedge fund. […]
Safe havens for investors are downright scary these days. Since Detroit’s record bankruptcy in July, investors have been more skittish than ever about municipal bonds, once a strong strand in the safety net of boring investments for Americans investors. Debt issued by Puerto Rico is particularly of concern; large investment […]
Law360, New York (September 30, 2013, 3:26 PM ET) — A New York federal judge on Monday slashed several claims from a putative class action against Harbinger Capital Partners LLC alleging it hid a major investment in a now-bankrupt broadband company, finding the state law claims were barred by federal […]
Law360, New York (September 20, 2013, 5:36 PM ET) — Plaintiffs in a putative securities fraud class action against Harbinger Capital Partners on Thursday challenged the hedge fund’s claim in New York federal court that a recent Second Circuit ruling supports the dismissal of the class claims, saying the cited […]
Wall Street, with all its so-called genius and ingenuity, now has the ability to screw around with the price of your gasoline. That’s not all. Loosely regulated commodities markets appear to be more and more the apple of Wall Street’s eye, even as the major stock market indices on Wednesday […]
This week we will reach the fifth anniversary of the Fall of Lehman Brothers and the near collapse of the financial system. Unfortunately, despite being on the brink of catastrophe and the destruction of the retirement savings of millions of American workers, its business as usual on Wall Street. At […]
Stock trading last month on the NASDAQ was halted for several hours due to yet another computer glitch at the world’s second largest stock exchange. And then, it happened again on Wednesday, when a malfunction of a price feed overseen by NASDAQ created another trading halt. The issue this week […]
Click here to view the New York Law Journal’s expert analysis about the publication “Why So Few Prosecutions Connected to the Financial Crisis?”.
Standard and Poor’s is calling the U.S. government’s $5 billion lawsuit retaliation; CNBC’s Kayla Tausche reports and Jake Zamansky, securities lawyer, and CNBC’s Jeff Cox debate the case.