If you have sustained financial losses due to a Sim card swapping hack or other security breaches we strongly encourage you to contact Levin Law, P.A. for a free case evaluation.
Levin Law, P.A. (“Levin Law”) is investigating claims involving broker-dealers, stockbrokers, registered investment advisors, and financial advisors who recommended and sold the “LJM Preservation & Growth Fund” (“LJMIX” or “LJM Fund”) to their clients and customers. The LJM Fund was once an $800 million mutual fund that lost almost all of its value in February 2018. Many broker-dealers and other investment professionals recommended the LJM Fund to their customers and told such customers that the LJM Fund was conservative and would preserve investors’ assets. In reality, however, the LJM Fund was ultra-risky and had an overwhelming percentage of its assets invested in naked put options on S&P 500 futures. The LJM Fund’s strategy was to use highly leveraged games against the volatility in the S&P 500.
Allegations of Securities Law and other Common Law Violations
A review of the trading methods indicates the LJM Fund strategy more closely resembling high-stakes gambling than risk-management option trading. The name “LJM Preservation & Growth” is misleading in that the fund ignored the ‘preservation’ component of its name.
It is believed that many financial institutions recommended and sold the LJM Fund to their customers, including but not limited to Credit Suisse, Lion Street Financial, Valmark Securities, Cambridge Investment Research, and others.
Contact Levin Law to Learn More
If you lost money or suffered losses from your LJM Fund investments, contact Levin Law for a free case evaluation at email@example.com. All cases of this nature are accepted on a contingency-fee basis, which means that you would not be obligated to pay attorneys’ fees unless money is collected for you.