{"id":282,"date":"2017-12-08T19:56:23","date_gmt":"2017-12-08T19:56:23","guid":{"rendered":"https:\/\/www.investorlawyers.com\/?p=282"},"modified":"2017-12-08T19:56:23","modified_gmt":"2017-12-08T19:56:23","slug":"ameriprise-ordered-to-pay-8m-over-f-squared-alpha-sector-strategy-sales","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/ameriprise-ordered-to-pay-8m-over-f-squared-alpha-sector-strategy-sales\/","title":{"rendered":"Ameriprise Ordered to Pay $8M Over F-Squared Alpha Sector Strategy Sales"},"content":{"rendered":"<p>\t\t\t\tThe US Securities and Exchange Commission has imposed a $1.75M penalty on\u00a0Ameriprise (AMP)\u00a0related to its sale of F-Squared Alpha Sector strategies. The financial firm must also disgorge $7.3M.<\/p>\n<p>According to the regulator, F-Squared Investments made mistakes when calculating the historical performance of its Alpha Sector investment strategies. These sector rotation strategies were predicated upon the use of an algorithm that gave off a \u201csignal\u201d noting whether to sell or purchase certain\u00a0exchange-traded funds\u00a0that collectively comprised the industries in the S &amp; P 500 Index.<\/p>\n<p>However, claimed the regulator, F-Squared erred when it implemented these signals prior to when they could have happened. The Commission accused the firm of employing back-tested and hypothetical historical performance data that was inflated, rather than using what the AlphaSector\u2019s performance would have been if there hadn\u2019t been any signal-related errors, to come up with the investment\u2019s track record.<\/p>\n<div class=\"read_more_link\"><a href=\"https:\/\/www.investorlawyers.com\/blog\/ameriprise-ordered-to-pay-8m-over-f-squared-alpha-sector-strategy-sales\/\"  title=\"Continue Reading Ameriprise Ordered to Pay $8M Over F-Squared Alpha Sector Strategy Sales\" class=\"more-link\">Continue Reading \u203a<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"<p>The US Securities and Exchange Commission has imposed a $1.75M penalty on\u00a0Ameriprise (AMP)\u00a0related to its sale of F-Squared Alpha Sector strategies. The financial firm must also disgorge $7.3M. According to the regulator, F-Squared Investments made mistakes when calculating the historical performance of its Alpha Sector investment strategies. These sector rotation strategies were predicated upon the [&hellip;]<\/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":[3760],"tags":[],"class_list":["post-282","post","type-post","status-publish","format-standard","hentry","category-sec-enforcement"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Ameriprise Ordered to Pay $8M Over F-Squared Alpha Sector Strategy Sales \u2014 Institutional Investor Securities Blog \u2014 December 8, 2017<\/title>\n<meta name=\"description\" content=\"The US Securities and Exchange Commission has imposed a $1.75M penalty on Ameriprise (AMP) related to its sale of F-Squared Alpha Sector strategies. The financial firm must also disgorge $7.3M. According to the regulator, F-Squared Investments made mistakes when calculating the historical performance of its Alpha \u2014 December 8, 2017\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.investorlawyers.com\/blog\/ameriprise-ordered-to-pay-8m-over-f-squared-alpha-sector-strategy-sales\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Ameriprise Ordered to Pay $8M Over F-Squared Alpha Sector Strategy Sales \u2014 Institutional Investor Securities Blog \u2014 December 8, 2017\" \/>\n<meta name=\"twitter:description\" content=\"The US Securities and Exchange Commission has imposed a $1.75M penalty on Ameriprise (AMP) related to its sale of F-Squared Alpha Sector strategies. The financial firm must also disgorge $7.3M. According to the regulator, F-Squared Investments made mistakes when calculating the historical performance of its Alpha \u2014 December 8, 2017\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Shepherd Smith Edwards &amp; Kantas, LLP\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Ameriprise Ordered to Pay $8M Over F-Squared Alpha Sector Strategy Sales \u2014 Institutional Investor Securities Blog \u2014 December 8, 2017","description":"The US Securities and Exchange Commission has imposed a $1.75M penalty on Ameriprise (AMP) related to its sale of F-Squared Alpha Sector strategies. The financial firm must also disgorge $7.3M. According to the regulator, F-Squared Investments made mistakes when calculating the historical performance of its Alpha \u2014 December 8, 2017","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.investorlawyers.com\/blog\/ameriprise-ordered-to-pay-8m-over-f-squared-alpha-sector-strategy-sales\/","twitter_card":"summary_large_image","twitter_title":"Ameriprise Ordered to Pay $8M Over F-Squared Alpha Sector Strategy Sales \u2014 Institutional Investor Securities Blog \u2014 December 8, 2017","twitter_description":"The US Securities and Exchange Commission has imposed a $1.75M penalty on Ameriprise (AMP) related to its sale of F-Squared Alpha Sector strategies. The financial firm must also disgorge $7.3M. According to the regulator, F-Squared Investments made mistakes when calculating the historical performance of its Alpha \u2014 December 8, 2017","twitter_misc":{"Written by":"Shepherd Smith Edwards &amp; Kantas, LLP","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.investorlawyers.com\/blog\/ameriprise-ordered-to-pay-8m-over-f-squared-alpha-sector-strategy-sales\/#article","isPartOf":{"@id":"https:\/\/www.investorlawyers.com\/blog\/ameriprise-ordered-to-pay-8m-over-f-squared-alpha-sector-strategy-sales\/"},"author":{"name":"Shepherd Smith Edwards &amp; Kantas, LLP","@id":"https:\/\/www.investorlawyers.com\/blog\/#\/schema\/person\/e0240e0754684b69f7d6a7de1b9f1431"},"headline":"Ameriprise Ordered to Pay $8M Over F-Squared Alpha Sector Strategy Sales","datePublished":"2017-12-08T19:56:23+00:00","mainEntityOfPage":{"@id":"https:\/\/www.investorlawyers.com\/blog\/ameriprise-ordered-to-pay-8m-over-f-squared-alpha-sector-strategy-sales\/"},"wordCount":547,"articleSection":["SEC Enforcement"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.investorlawyers.com\/blog\/ameriprise-ordered-to-pay-8m-over-f-squared-alpha-sector-strategy-sales\/","url":"https:\/\/www.investorlawyers.com\/blog\/ameriprise-ordered-to-pay-8m-over-f-squared-alpha-sector-strategy-sales\/","name":"Ameriprise Ordered to Pay $8M Over F-Squared Alpha Sector Strategy Sales \u2014 Institutional Investor Securities Blog \u2014 December 8, 2017","isPartOf":{"@id":"https:\/\/www.investorlawyers.com\/blog\/#website"},"datePublished":"2017-12-08T19:56:23+00:00","author":{"@id":"https:\/\/www.investorlawyers.com\/blog\/#\/schema\/person\/e0240e0754684b69f7d6a7de1b9f1431"},"description":"The US Securities and Exchange Commission has imposed a $1.75M penalty on Ameriprise (AMP) related to its sale of F-Squared Alpha Sector strategies. The financial firm must also disgorge $7.3M. 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