F-Squared Says Regulators Are Considering Civil Action
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F-Squared Investments Inc., one of the largest managers of investment products built using exchange-traded funds, said U.S. regulators were considering a civil action against the firm over performance claims made in the firm’s advertising materials.
The firm, which oversees $27.7 billion, received a Wells notice from the Securities and Exchange Commission on Aug. 13 informing it that SEC staff recommends an action, the Wellesley, Massachusetts-based firm said in a filing submitted Aug. 29.