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Zamansky LLC Investigates Potential Investor Claims to Recover Losses Suffered by Cambridge Investment Research Customers in the LJM Preservation and Growth Fund (LJM)

August 19, 2021 Active Cases & Investigations

The law firm is investigating potential legal claims for investors who purchased shares of the LJM Growth and Preservation Fund (LJM) through Cambridge Investment Research, and then suffered losses when LJM collapsed.

Recently, the Financial Industry Regulatory Authority (FINRA) reached a regulatory settlement with Cambridge Investment Research in which the firm was formally censured, fined $400,000, and ordered to pay restitution of $3 million to certain customers who purchased LJM.  FINRA accused Cambridge Investment Research of wrongfully selling LJM to customers who were listed as conservative and moderately conservative investors.  FINRA also accused Cambridge of having insufficient supervisory systems.

On February 5-6 2018, LJM suffered an 80% loss in value due to a spike in market volatility, then, weeks later, LJM dissolved and liquidated.  LJM, which was marketed as “selling volatility” through trading S&P Futures Index options, was an enormously speculative and high risk investment.  LJM was not suitable for all but the most aggressive investors who desired speculation, and its serious risks were not known or apparent to investors.

If you purchased LJM through Cambridge Investment Research, you may have a potential legal claim to recover your losses.  Under the FINRA regulatory settlement, some investors are eligible for partial restitution for their losses.  You may be entitled to further restitution if you file your own legal claim through our law firm.

Please contact Jake Zamansky at 212 742-1414, or by email at, for an evaluation of whether you have a potential claim to recover your LJM losses and/or receive additional restitution.

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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.

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