December 22, 2014
F-Squared Investments, based in Massachusetts, agreed to pay $35 million and admit wrongdoing to settle an action by the US Securities and Exchange Commission that it defrauded investors through false performance advertising about its flagship product, an exchange traded fund (ETF), AlphaSector.
The SEC alleged that F-Squared falsely advertised a successful seven-year track record for the investment strategy from 2008-2013. In a separate action the SEC charged former CEO and co-founder Howard Present with making false and misleading statements to investors.
Rex Securities Law , with offices in Boca Raton, FL, and Austin, TX, provides representation to investors nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers and broker dealers. If you have questions about how your account has been handled, call to speak with an experienced securities attorney.
Most cases handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.
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