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World Investor Week is “a global campaign to raise awareness about the importance of investor education and protection.” This year, it took place from October 4 through 10. The U.S. Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA) both published online resources for World Investor Week […]
Author: Zamansky LLC
The U.S. Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA) have both recently issued warnings about broker and investment advisor imposter scams. These scams involve individuals falsely representing themselves as registered brokers and advisors—often by assuming the identity of a legitimate registered investment professional. For individuals […]
The Financial Industry Regulatory Authority (FINRA) recently announced that it is investigating unnamed special purpose acquisition companies (SPACs) and their affiliates for possible securities law violations. In order to do so, the self-regulatory organization is requesting records from brokerage firms that may have offered investments in the subject SPACs to […]
Evergrande, the Chinese real estate developer that has become the poster child for high-risk overseas investing, narrowly escaped default in mid-October by securing $83.5 million to make a last-minute interest payment. However, this has done little to alleviate concerns in the market, as the firm still has more than $350 […]
Our securities litigation law firm is investigating potential claims against Philip R. Corvia and his former brokerage firm, Henley & Company LLC, related to allegations that Mr. Corvia defrauded his clients through a Ponzi scheme. Mr. Corvia, who passed away in August 2021, was a registered representative of Henley & […]
Investment fraud attorney Jake Zamansky and the team at Zamansky LLC are investigating potential legal claims for investors who were victims of an alleged Ponzi scheme run by Philip R. Corvia and Jefferson Resources Inc. in Shoreham, New York. Mr. Corvia, who died on August 12, 2021, was a registered […]
Investment fraud attorney Jake Zamansky and his team at Zamansky LLC are investigating potential legal claims for investors of CION Investment Corporation (NYSE) against broker-dealers and investment firms that recommended and sold the stock. CION is a business development company (BDC) that focuses on providing loans to middle-market companies. On […]
Stockbrokers and investment advisors can (and should) make decisions based on the best information available, but they cannot predict how the market will perform. As a result, sometimes, they will provide bad advice. But, when does bad investment advice amount to investment fraud? FINRA attorney Jake Zamansky explains: Unsuitability of […]
Investment fraud attorney Jake Zamansky and his team are investigating potential legal claims of fraud, misrepresentation, unsuitability and sales practice violations on behalf of investors who purchased any Northstar Financial Services (Bermuda) Ltd. annuity or investment product (“Northstar”), through a FINRA-member brokerage firm. Northstar is currently under bankruptcy liquidation in […]
As recently reported by Bloomberg and other media outlets, Chinese real estate development company Evergrande is on the verge of possibly defaulting on $300 billion in debt this week. If Evergrande defaults, this could trigger substantial losses for individual investors. Did Investment Banks Wait Too Long to Take Action on […]