{"id":1831,"date":"2017-10-16T12:20:49","date_gmt":"2017-10-16T17:20:49","guid":{"rendered":"https:\/\/www.institutionalinvestorsecuritiesblog.com\/?p=1831"},"modified":"2022-03-22T15:07:20","modified_gmt":"2022-03-22T20:07:20","slug":"jury-rules-former-f-squared-ceo-secs-etf-fraud-case","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/jury-rules-former-f-squared-ceo-secs-etf-fraud-case\/","title":{"rendered":"Jury Rules Against Former F-Squared CEO in SEC\u2019s ETF Fraud Case"},"content":{"rendered":"

\t\t\t\tA federal jury in Boston has found Howard Present, the ex-CEO of F-Squared Investments Inc., liable in the US Securities and Exchange Commission\u2019s civil lawsuit alleging exchange-traded fund fraud. The ruling determined that Present was in violation of the Investment Advisers Act.<\/p>\n

According to the regulator, Present sought to defraud investors and acted recklessly in the way he marketed the history of the AlphaSector, which was F-Squared\u2019s flagship product.<\/p>\n

The SEC filed its securities fraud lawsuit against Present in 2014. That was when the regulator announced a $35M settlement reached with F-Squared, in which the firm admitted wrongdoing over claims that it misled investors in the way that it falsely marketed AlphaSector as having a lengthy and successful track record that utilized a strategy that a multibillion-dollar wealth manager had developed. <\/p>\n

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

A federal jury in Boston has found Howard Present, the ex-CEO of F-Squared Investments Inc., liable in the US Securities and Exchange Commission\u2019s civil lawsuit alleging exchange-traded fund fraud. The ruling determined that Present was in violation of the Investment Advisers Act. According to the regulator, Present sought to defraud investors and acted recklessly in […]<\/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":[4023,3752,3760,3761],"tags":[2890],"class_list":["post-1831","post","type-post","status-publish","format-standard","hentry","category-exchange-traded-funds","category-financial-firms","category-sec-enforcement","category-securities-and-exchange-commis","tag-f-squared"],"yoast_head":"\nJury Rules Against Former F-Squared CEO in SEC\u2019s ETF Fraud Case — Investor Lawyers Blog — October 16, 2017<\/title>\n<meta name=\"description\" content=\"A federal jury in Boston has found Howard Present, the ex-CEO of F-Squared Investments Inc., liable in the US Securities and Exchange Commission\u2019s civil — October 16, 2017\" \/>\n<meta name=\"robots\" content=\"index, follow, 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