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Zamansky LLC Investigates Alleged Unsuitable ETFs Sales By Financial Advisors

August 22, 2013 Active Cases & Investigations

Zamansky LLC announces that it is investing alleged unsuitable sales of ETFs, or exchange-traded funds, by financial advisors. Any investor who did not want a high risk level and who lost money in one of these funds should contact our firm to have the investment reviewed for suitability.

Zamansky LLC announces that it is investing alleged unsuitable sales of ETFs, or exchange-traded funds, by financial advisors. On July 30, 2013, Reuters reported that Morgan Stanley was fined $100,000 by New Jersey State securities regulators for selling unsuitable leveraged ETFs and inverse ETFs to elderly customers who needed income. A copy of the Consent Order can be found at http://nj.gov/oag/newsreleases13/pr20130730a.html.

According to stock fraud attorney Jake Zamansky, leveraged and inverse ETFs are very risky investments that are often described as speculative in their prospectuses. As a result, they are not suitable or appropriate for conservative or even moderate investors, he says. Any investor who did not want a high risk level and who lost money in one of these funds should have the investment reviewed for suitability, Zamansky believes.

What ETF Investors Can Do

If you are an ETF investor with a loss, and you would like your account reviewed or discuss your legal rights, you may, without obligation or cost to you, email jake@zamansky.com or call the law firm at (212) 742-1414.

About Zamansky LLC

Zamansky LLC is a leading stock law firm specializing in securities class actions, securities arbitration, and litigation over stock broker fraud. We are securities fraud attorneys who represent both individual and institutional investors. Our practice is nationally recognized for our ability to aggressively prosecute cases and recover investment losses.

To learn more about Zamansky LLC, please visit our website, https://www.zamansky.com.

Contact:

Zamansky LLC
50 Broadway – 32nd Floor
New York, NY 10004
Jake Zamansky, 212-742-1414
jake@zamansky.com

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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.”

Mike A.
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