Have you suffered investment losses in the Foresee Strategies Insurance Funds? If so, The White Law Group may be able to help you recover your losses through FINRA arbitration claims against the brokerage firm or financial professional that recommended the investment.
The Foresee Strategies Insurance Funds sustained massive losses and then were ultimately closed in May of 2010. It appears that a high-risk strategy of naked options trading on the S&P 500 led to investors losing all or most of their investment and the funds’ demise.
The Foresee Strategies Insurance Funds were a part of the larger Sali Multi-Series Funds LP which is an associated entity of Sali Fund Partners LP. Sali Fund Partners is still operating and just recently filed with the SEC for 4 new funds and they have reportedly raised $2.1 billion for one of those funds.
The Foresee Strategies Insurance Funds appeared to have been tied to an annuity offered through Sun Life Financial and then were sold to investors through registered broker-dealers such as SagePoint Financial, Inc. and others.
Brokerage firms have a fiduciary duty to its clients to perform due diligence on any investment prior to offering it for sale to ensure that the investment is appropriate for a client in light of the client’s age, investment experience, and investment objectives.
As such, The White Law Group is investigating how the funds were sold and represented to investors by brokers. If a financial professional did not adequately disclose the risk of the Foresee Strategies Insurance Funds investment then investors may be able to able to recover their investment losses through the FINRA dispute resolution process.
If you invested in the Foresee Strategies Insurance Funds through SagePoint Financial or another FINRA registered broker dealer and would like to speak to a securities attorney about your ability to recover your losses, please call our Chicago office at 312-238-9650.
The White Law Group, LLC is a national securities fraud, securities arbitration, investor protection, and securities regulation/compliance law firm with offices in Chicago, Illinois and Boca Raton, Florida.
For more information on The White Law Group, please visit our website at http://www.whitesecuritieslaw.