December 22, 2014
SANCTION AMOUNT: $35,000,000
Defendants: F-Squared Investments
Settlement with marketer of ETF index products for falsely advertising its "Alphasector" products as performing successfully for years, using data that was derived from backtesting and thus not supportive of these claims. These false descriptions were also included in filings with the SEC.
- Key Docs
- Official SEC press release