{"id":1616,"date":"2015-03-27T21:05:22","date_gmt":"2015-03-27T21:05:22","guid":{"rendered":"https:\/\/www.stockbrokerfraudblog.com\/2015\/03\/exfsquared_ceo_still_battling"},"modified":"2022-03-11T13:33:42","modified_gmt":"2022-03-11T19:33:42","slug":"exfsquared-ceo-still-battling","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/exfsquared-ceo-still-battling\/","title":{"rendered":"Ex-F-Squared CEO Still Battling SEC, Firm Dealing With Fallout from Securities Fraud Charges"},"content":{"rendered":"

\t\t\t\tF-Squared Investments Inc. has laid off 40 workers-that’s one-fourth of its staff-as it continues to deal with the ongoing asset losses in the wake of the securities fraud charges filed against it by the U.S. Securities and Exchange Commission last year. During a routine examination, the regulator discovered that the asset management company allegedly had deceived investors by claiming its performance history was based on a real trading record going as far back as 2001 when F-Squared had just back-tested its algorithm. F-Squared is the biggest marketer of index products using ETFs (exchange-traded funds). <\/p>\n

The SEC accused the firm of falsely promoting its AlphaSector investment strategy and its supposed excellent track record as based on its investment performance for real clients instead of the backtesting. Due to a calculation error, the results were inflated by 350%.<\/p>\n

F-Squared settled the SEC charges for $35 million and the firm’s new CEO, Laura P. Dagan, said that F-squared has been putting more effort into compliance and its main product line. However, in the last several months, investors have withdrawn billions of dollars from F-squared strategies while several brokerage firms refuse to let advisers put more funds into the strategies. <\/p>\n

Continue Reading \u203a<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"

F-Squared Investments Inc. has laid off 40 workers-that’s one-fourth of its staff-as it continues to deal with the ongoing asset losses in the wake of the securities fraud charges filed against it by the U.S. Securities and Exchange Commission last year. During a routine examination, the regulator discovered that the asset management company allegedly had […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[4023,3741],"tags":[2890],"class_list":["post-1616","post","type-post","status-publish","format-standard","hentry","category-exchange-traded-funds","category-securities-fraud","tag-f-squared"],"yoast_head":"\nEx-F-Squared CEO Still Battling SEC, Firm Dealing With Fallout from Securities Fraud Charges — Investor Lawyers Blog — March 27, 2015<\/title>\n<meta name=\"description\" content=\"F-Squared Investments Inc. has laid off 40 workers-that's one-fourth of its staff-as it continues to deal with the ongoing asset losses in the wake of the — March 27, 2015\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, 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