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They are calling the latest coronavirus stock market fiasco the Black Monday Meltdown. For some, it should be called the Bad Broker Bungle. The March 9 trading day had barely begun when an automatic 15-minute halt in trading occurred after losses reached 7 percent. By the end of the day, […]
Author: Zamansky LLC
At 10 AM on Monday, March 9, safeguards were invoked against an all-out crash, as the markets were forcibly shut down and reopened after early trading sent stock values plummeting. If, like many investors, you were lured into putting your money into one of the supposedly “low-risk” Yield Enhancement Strategies […]
How a Global Pandemic Could Impact Investors The Coronavirus is Causing Great Market Volatility The Yield Enhancement Strategy (YES) Has Been Hit Hard YES Is Unlikely To Recover Losses If The S & P Rebounds The coronavirus and the fear of a pandemic is wreaking havoc on the stock market. […]
In January, the Financial Industry Regulatory Authority (FINRA) announced its top priorities for 2020 in the areas of risk monitoring, surveillance and examination of securities offerings, stock brokerage firms and individual brokers. The list, which is in the form of a letter from FINRA President and CEO Robert Cook, highlights […]
A couple of years ago, initial coin offerings (ICOs) burst onto the scene as a new and innovative way for the public to invest in cryptocurrencies. Individual investors seeking to profit from speculation in Bitcoin and other currencies flocked to ICOs, and they brought substantial profits to the companies that […]
Unfortunately, while humanitarian crises bring out the best in some people, they bring out the worst in others. As the death toll from the Wuhan coronavirus continues to rise around the world, the U.S. Securities and Exchange Commission (SEC) has issued a warning that individual investors need to be wary […]
Our firm began investigating allegations that GPB Capital Holdings (“GPB Capital”) was engaged in fraudulent sales practices in 2018. In August 2019, we published an update noting that the Securities and Exchange Commission (SEC), the Financial Industry Regulatory Authority (FINRA) and the Federal Bureau of Investigation (FBI) were all looking […]
The law firm is investigating potential legal claims for recovery by investors in the Premium Point Mortgage Credit Fund Ltd. and the Premium Point New Issue Opportunity Fund Ltd. against the fund administrator and other potential culpable parties. On May 9, 2018, the SEC filed a Complaint against Premium Point […]
Zamansky LLC represents participants in the employee stock ownership plan (“ESOP”) for IBM, and has alleged that IBM improperly concealed the over-valuation of its Microelectronics business for nine months in 2014, ultimately causing harm to investors that the ESOP’s fiduciaries should have prevented. After winning an important victory in this […]
Chinese Regulators Sanctioned UBS for Investment Fraud UBS Overcharged Its Chinese Customers China is Serious About Investor Protection The Chinese Securities and Futures Commission, or SFC, has reprimanded and fined UBS $51 million for overcharging up to 5,000 clients for over a decade, according to a report from Reuters. The […]