SEC fines advisory firms $2.2 million for spreading false claims made by F-Squared
Thirteen advisory firms repeated unsubstantiated claims about investment performance.
The Securities and Exchange Commission ordered 13 firms to pay a combined $2.2 million for spreading false claims made by F-Squared Investments about the performance of a strategy it used in exchange-traded funds.
The SEC found the firms “accepted and negligently relied” on F-Squared's
Learn more about reprints and licensing for this article.
