Investigating Potential Claims – LJM Preservation and Growth Fund
The White Law Group continues to investigate potential claims involving broker dealers who may have unsuitably recommended LJM Preservation and Growth Fund to investors.
The LJM Preservation and Growth Fund is a liquid alternative mutual fund. Liquid alternatives are alternative investment strategies that are available through alternative investment vehicles such as mutual funds, ETFs, and closed-end funds that provide daily liquidity.
According to reports, LJM Capital Preservation & Growth Fund lost $600 million dollars in two days.
In New York federal court last month, Wells Fargo Securities LLC filed suit against LJM Investment Fund LP, seeking to recover more than $16 million the bank says it spent to cover the commodity pool’s losses in February’s stock market dive.
Numerous investor lawsuits have reportedly been filed alleging the following: LJM Preservation and Growth Fund Classes I, A and C failed to adequately focus on the preservation of capital, particularly in down markets as stated in the Registration Statements and Prospectuses; investors were exposed to unacceptably high risks of significant losses; as a result, the Funds’ financial statements were materially false and misleading at all relevant times.
Brokers are required to perform adequate due diligence on any investment they recommend.
They must ensure that all recommendations are suitable for the investor and are in line with the client’s risk tolerance, age, net worth, and investment experience.
If a brokerage firm makes unsuitable investment recommendations or fails to adequately disclose the risks associated with an investment they may be liable for investment losses through FINRA arbitration.
You may be able to recover investment losses through FINRA Arbitration. FINRA operates the largest securities dispute resolution forum in the United States, and has extensive experience in providing a fair, efficient and effective venue to handle a securities-related dispute.
If you are concerned about investment losses with LJM Partners or LJM Preservation and Growth Fund, the securities attorneys at The White Law Group may be able to help you recover your losses. For a free consultation with a securities attorney, call The White Law Group at 1-888-637-5510.
The White Law Group is a national securities fraud, securities arbitration, and investor protection law firm with offices in Chicago, Illinois and Vero Beach, Florida. For more information on the firm, visit www.WhiteSecuritiesLaw.com.