Zamansky LLC Investigates 13 Investment Management Firms Over “AlphaSector” Strategy ETFs
Zamansky LLC announces that it is investigating 13 investment management firms over their investment of client money into AlphaSector Exchange Traded Funds (“ETFs”). The AlphaSector strategy was developed by F-Squared Investments which has since admitted in an enforcement case brought by the United States Securities and Exchange Commission (“SEC”) that its purportedly “real” past performance record was inflated and back-dated.
On August 25, 2016, the SEC announced it has penalized 13 investment management firms for violating the securities laws. The SEC claimed that the firms marketed and recommended the AlphaSector strategy to their clients based on false and misleading advertising about the past track record. The SEC claimed that the firms accepted F-Squared’s false statements and failed to conduct their own investigation of the past performance of the strategy.
The investment management firms penalized by the SEC are:
According to securities fraud attorney Jake Zamansky, if you invested in AlphaSector ETFs through any of these funds, you should be concerned. You invested based on false information and have an investment that may not perform as expected, he states. Any investor in any AlphaSector ETFs through one of these firms should have the investment reviewed, he believes.
What Investors Can Do
If you invested in any AlphaSector ETF through any of these 13 firms, please contact our firm for an evaluation of your rights. You can contact Jake Zamansky by telephone at (212) 742-1414 or by email at email@example.com.
About Zamansky LLC
Zamansky LLC is a leading law firm specializing in securities fraud, mutual and hedge fund and investor class actions. We are investment 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, http://www.zamansky.com.
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Jake Zamansky, 212-742-1414