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Wall Street brokers such as UBS, Morgan Stanley and Merrill Lynch sold billions of dollars in complex “structured products or notes” to their retail customers in recent years. Brokers pitched the structured products as “low risk” bond-like investments with higher yields. Unfortunately, many customers were not told of the significant […]
On February 10, 2022, the U.S. Senate passed a bill that seeks to give more rights to victims of sexual harassment and sexual assault in the workplace. The U.S. House of Representatives has passed the bill as well, and President Biden has indicated that he will sign the bill into […]
As a result of the Russia-Ukraine war last week, Russia’s sovereign bonds plummeted to distressed levels and Russian stocks dropped the most on record. UBS triggered margin calls on some wealth management clients that use Russian bonds as collateral for their portfolios after marking down the value of debt issued […]
President Joe Biden is expected to issue an executive order on crypto assets as early as this week, according to reports. The executive order reportedly will direct a wide range of government agencies to study cryptocurrency and the central bank digital currency (CBDC) to design a comprehensive strategy. Some of […]
Zamansky LLC has been closely monitoring reports of a financial security breach of IRA Financial Trust, who partners with Gemini Trust Co., that resulted in $36 million dollars of cryptocurrency being stolen from account owners. Reports indicate IRA Financial Trust, a platform offering self-directed retirement accounts with cryptocurrency investments, was […]
The firm’s founder and lead investment fraud attorney, Jake Zamansky, was recently quoted in Investment News regarding the loss of hundreds of thousands of dollars that investors are facing as a result of GWG Holdings L Bonds investments.
After a hedge fund blows up or a private equity fund tanks, many investors are left wondering what happened to their investment. For example, burned Long Term Capital Management, Bernie Madoff and the Bear Stearns Hedge Fund investors were left wondering for years about the cause of their investment losses. […]
Making informed investment decisions requires a clear understanding of the specific asset, or product, in which you want to invest. Many investment products are extraordinarily complex, and understanding how they work can be challenging even for experienced brokers and investors. For inexperienced investors who rely on their brokers for advice, […]
When you choose a broker or advisor at an investment firm to manage your portfolio, you expect your broker or advisor to manage your portfolio directly. While this is often what happens, it isn’t always the case. Sometimes, brokers and advisors will recommend that investors place their funds with outside […]
Investing in put and call options involves risks that do not apply to investing in traditional stocks and bonds. But, despite the differences between options and more-traditional securities, many brokers and advisors recommend them without explaining the unique risks involved. When this happens – and when investors suffer losses as […]