Have you suffered losses investing in the Foresee Strategies Insurance Fund? If so, The White Law Group may be able to help you recover those losses through FINRA arbitration.
It is being reported that several brokerage firms sold the Foresee Strategies Insurance Fund and the Foresee Strategies3(c)(1) Insurance Fund, LP in the sub accounts of variable annuities offered through Sun Life Financial, Inc. Generally the investments offered in variable annuity subaccounts are relatively conservative, often mirroring a diversified mutual fund portfolio.
The Foresee Strategies Insurance Funds, however, are actually hedge fund investments, which, according to the report, suffered substantial losses. Investors in Sun Life Financial variable annuities that had investments in Foresee Strategies Insurance Fund in their subaccounts may not have been aware of the risk of loss in these hedge funds. Such investors may have claims against the broker-dealers that placed them in these products.
According to the report, the brokerage firms that sold Sun Life variable annuities with Foresee Strategies Insurance Funds in their subaccounts were Geneos Wealth Management, Lincoln Financial Network, National Planning Corp., SagePoint Financial Inc., and FSC Securities Corp.
The report also indicates that the Foresee Strategies Insurance Funds were related to a group called the SALI Multi-Series Fund, LP. Investors’ annuity subaccounts may also reference SALI Multi-Series funds.
If you purchased a Sun Life Financial variable annuity from one of these firms and suffered substantial losses in your annuity subaccounts, please call the securities attorneys of The White Law Group at 312/238-9650 for a free consultation.
The White Law Group is a national securities fraud, securities arbitration, and investor protection law firm with offices in Chicago, Illinois and Boca Raton, Florida.
For more information on The White Law Group, visit http://www.whitesecuritieslaw.com.