F-Squared Investments Agrees to $35 Million Dollar Fine from the SEC for Publishing False Returns
Boston, MA based F-Squared Investments agreed to a $35 million fine levied by the Securities & Exchange Commission (SEC) over what investigators say were rampant violations of securities laws. The once high-flying investment management company accumulated billions of dollars under management by touting a low-risk strategy that greatly outperformed the overall markets during the market collapse of 2008. However, the recent SEC investigation uncovered those published returns were in error and perhaps outright fraud.
At this point is unclear how many investors have been effected and the attorneys at Colling Gilbert Wright & Carter are investigating possible avenues of recovery.