The Financial Industry Regulatory Authority (FINRA), in cooperation with AARP and Heart+Mind Strategies, recently released a report highlighting the risk of senior investment fraud. Specifically, the report focuses on the risk of seniors facing multiple fraudulent losses as they age—a problem which the report refers to as chronic fraud victimization. […]
Author: Zamansky LLC
Investment fraud attorney Jacob Zamansky and the team at Zamansky LLC is investigating Greensill Capital (“Greensill”) and Credit Suisse on behalf of any US investors who suffered losses due to potential fraud or misconduct. Recently, Greensill filed for insolvency amid allegations of misconduct and litigation over its business practices and […]
When investing on your own, it is important to do your research. All investments carry risk; and, as an individual investor, it is up to you to make sure your decisions are as informed as possible. Increasingly, individual investors are relying on social media as a primary source of information. […]
If you’ve been following the media coverage of investor claims related to UBS yield enhancement strategy (YES) losses, you may have read that UBS prevailed in a couple of FINRA arbitration proceedings late last year. While this is the case, scores of claims against UBS and its brokers are continuing […]
In February 2021, the U.S. Securities and Exchange Commission (SEC) announced charges against multiple individuals and entities related to an alleged “Ponzi-like scheme” that raised approximately $1.7 billion from more than 17,000 individual investors. Here, financial fraud attorney Jake Zamansky discusses the allegations and the steps that investors can take […]
A Financial Industry Regulatory Authority (FINRA) arbitration panel recently awarded $19 million to a 94-year-old investor based on findings of abuse of fiduciary duty, fraudulent misrepresentations, and elder financial fraud. The investor, Beverly Schottenstein, filed claims against JP Morgan Securities and two of its now-former brokers who – notably – […]
Even if you don’t closely follow the stock market, you almost certainly heard about the Reddit-fueled GameStop stock rally in January 2021. After trading well under $20 per share throughout 2020, the company’s share price spiked to nearly $350 before settling back down in the $40 range (before rallying again […]
The Financial Industry Regulatory Authority (FINRA) and the U.S. Securities and Exchange Commission (SEC) regularly issue alerts warning of investment scams targeting seniors. Sadly, unscrupulous brokers, advisors and scam artists tend to target those who are most vulnerable, and this includes senior citizens who might not necessarily have the tools […]
Microcap investing has seen a surge in popularity over the past year. This is likely attributable to the combination of two factors: (i) the introduction of investing apps marketed to individuals who are interested in testing the waters of investing on their own, and (ii) the COVID-19 pandemic, which has […]
As much of the world focuses on moving forward in 2021, individuals who invested in UBS’ yield enhancement strategy (YES) in 2020 and prior years are continuing to face significant struggles. Many investors lost millions investing in UBS’ YES strategy; and, due to the nature of this high-risk structured investment […]