Current Investigations

CMD Investigating Claims Over AlphaSector Strategy ETFs

Securities law firm Carmel, Milazzo & DiChiara LLP (“CMD”) is investigating 13 management firms over investments 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:

AssetMark

BB&T Securities

Banyan Partners

Congress Wealth Management

Constellation Wealth Advisors

Executive Monetary Management

HT Partners

Hilliard Lyons

Ladenburg Thalmann Asset Management

Prospera Financial Services

Risk Paradigm Group

Schneider Downs Wealth Management Advisors

Shamrock Asset Management

If you or someone you know lost money investing in AlphaSector Exchange Traded Funds (“ETFs”), you may be entitled to recover your investment losses through either litigation or arbitration. CMD accepts cases on a contingency fee basis, which means we only get paid if you get paid.  Your time to file a claim may be limited, so contact us today at (212) 658-0458 or contact@cmdllp.com for a free and confidential case evaluation.

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