In the Margins

SEC sues Navellier & Assocs for 'misleading clients'

September 6, 2017

By Reuters

The Securities and Exchange Commission has sued Navellier & Associates and its founder Louis Navellier, accusing them of misleading clients about the track record of investment strategies the adviser offered. The lawsuit contends Navellier & Associates and Louis Navellier defrauded existing and prospective clients from 2010 to 2013, alleging they ignored red flags showing the investment strategies had not performed as advertised and instead re-branded the strategies as “Vireo AlphaSector” and continued to recommend them to clients. Read the original story from Reuters

 
 

 

 

Most Read

Top of the Agenda - Compensation
IDC: Fund director pay climbs again in 2024

Mutual fund independent directors earned more in 2024 than in the year prior, and the pace at which their compensation grew was also higher year-on-year, according ...