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Zamansky LLC Files Long-Term Bond Investment Fraud Arbitration Claim against Vanguard for a 79 Year-Old Investor

December 13, 2022 Alternative Investment Lawyer

On behalf of a 79 year-old college professor, we filed a FINRA arbitration investment fraud claim to recover $150,000 in losses against Vanguard Marketing Corporation (Vanguard). The investment fraud claim alleges that the investor sought prudent investment advice from Vanguard on “very conservative” investments, and was provided with an Investment Plan that was aggressive. It alleges that Vanguard’s Investment Plan steered the investor to invest 95% of the investor’s portfolio in long-term bond funds. The long-term bond funds had substantial risk of immediate principal loss due to the known threat of interest rates increases which made them unsuitable and inappropriate for the investor, the claim alleges.

The investment fraud claim alleges that Vanguard breached its fiduciary duty and its duty under SEC Regulation Best Interests (Regulation BI). Under SEC Regulation BI, a broker-dealer can only recommend financial products to their customers that are in their customers’ best interests, and must clearly identify both the material risks and any potential conflicts of interest and financial incentives the broker-dealer has for the sale of those products.

If you have investment fraud losses, please call investment fraud attorney Jake Zamansky at (212) 742-1414 or email jake@zamansky.com for a free evaluation of your potential legal rights.

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“Jake Zamasky and his colleagues represented me in a FINRA arbitration case against a large multinational bank and succeeded in obtaining an award for the full amount of my investment losses. I would highly recommend the Zamansky firm for their experience in securities litigation, their level of detailed research and case preparation, and their ability to effectively fight for what’s right.”

Richard R.

“Throughout my entire case, Jake Zamansky was incredibly responsive and spent time walking me through each step of the process. He is professional and worked with my challenging schedule, even meeting with me nights and on weekends. He knew exactly which turn to take when it came to my case and yet was respectful of any decisions I wanted to make resulting in a positive outcome.”

Donald A.

“Jake Zamansky and his firm represented me in a FINRA arbitration case to recover investment losses. Jake and his team were very professional and worked very hard preparing for trial and then reaching a substantial settlement of our case. I would highly recommend them.”

William E.

“Jake Zamansky represented me in a FINRA arbitration case which allowed me to recover a substantial portion of investment losses. He is truly an expert in this space and I would highly recommend him to those investors who may have been been a victim of investment fraud.”

Chris K.

“Jake and his team did a great job communicating with me throughout the process of my lawsuit. I would recommend him to anyone looking to sue UBS for unethical practices.”

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