Big brokers take action on F-Squared funds and Virtus shares reel as SEC actions sink in
Lawyers are now threatening class action suits against the $28-billion ETF manager and firms like Raymond James, Stifel and Wells Fargo are making their wariness official
![FAA](/_next/image?url=https%3A%2F%2Fwww.gravatar.com%2Favatar.php%3Fgravatar_id%3D3374f99ecbeae6c52928ae0bcce06b73%26default%3Dhttps%253A%252F%252Fucarecdn.com%252F0b5addcb-6e7e-48f1-9e88-2279491e69b9%252Fiphonelogo.png%26size%3D50&w=1200&q=75)
FAA
Why would any advisor/ platform/ wire house etc. keep there clients in F-Squared? There’s no upside just a lot of exposure and potential liability.
![JohnSanbo](/_next/image?url=https%3A%2F%2Fwww.gravatar.com%2Favatar.php%3Fgravatar_id%3D3729871c8de8e0a269d10289cf443f7e%26default%3Dhttps%253A%252F%252Fucarecdn.com%252F0b5addcb-6e7e-48f1-9e88-2279491e69b9%252Fiphonelogo.png%26size%3D50&w=1200&q=75)
JohnSanbo
how did these two firms(Virtus Investments and F2) get away with this massive fraud scheme for so long? There must be justice including jail-time and disgorgement of ill gotten gains from both firms. Does the SEC even understand the size of this fraud?
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Raymond James Financial Inc.
Asset Custodian
Top Executive: Bill Van Law