The Securities and Exchange Commission today announced a settlement with F-Squared Investments for $35 million and an admission that the firm defrauded investors through false performance advertising.
F-Squared's co-founder and former CEO, Howard Present, was charged separately for making misleading statements to investors.
In 2008, the Massachusetts-based startup launched its flagship product line, AlphaSector, a suite of exchange-traded funds.
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Nick Thornton
Nick Thornton is a financial writer covering retirement and health care issues for BenefitsPRO and ALM Media. He greatly enjoys learning from the vast minds in the legal, academic, advisory and money management communities when covering the retirement space. He's also written on international marketing trends, financial institution risk management, defense and energy issues, the restaurant industry in New York City, surfing, cigars, rum, travel, and fishing. When not writing, he's pushing into some land or water.
