May 25, 2018 Comments (0) Blog, Current Investigations

Global Chartist Fund LLC – Securities Investigation

Global Chartist Fund LLC

Investigating Potential Claims – Global Chartist Fund LLC

Are you concerned about your investment in Global Chartist Fund LLC? If so, the securities attorneys at The White Law Group may be able to help you by filing a FINRA Arbitration claim against the brokerage firm that sold you the investment.

According to Bloomberg, Global Chartist Fund LLC was a closed ended equity mutual fund launched by Oppenheimer Asset Management. It invests in public equity markets of the United States. The fund primarily takes long and short positions in equity securities. It uses derivative instruments like swaps, futures, options, warrants, forwards to invest in stocks of companies operating across diversified sectors.

As of May 29, 2013, Global Chartist Fund, LLC has been fully liquidated, according to Bloomberg.

According to SEC filings, Global Chartist Fund LLC filed a Form D to raise capital from investors in 2012 in New York, NY. The total amount sold was $28,810,642.

Global Chartist Fund LLC is a Regulation D private placement investment. Investments such as these are typically sold by brokerage firms in exchange for a large up front commission. High fees can range from 7-10%, as well as additional “due diligence fees” that can range from 1-3%.

The problem with private placement investments such as Global Chartist Fund LLC is that they typically involve a high degree of risk. They are also often sold as unregistered securities which lack the same regulatory oversight as more traditional investment products like stocks or bonds.

Investigating Potential Claims

The White Law Group is investigating the liability that FINRA registered brokerage firms may have for improperly recommending high-risk private placements, like Global Chartist Fund LLC to investors.

Broker dealers are required to perform adequate due diligence on any investment they recommend and to ensure that all recommendations are suitable for the investor. Firms that fail to do so, may be held responsible for any losses in a FINRA arbitration claim.

If you have concerns regarding your investment in Global Chartist Fund LLC and would like to speak with a securities attorney about your options, please call The White Law Group at 888-637-5510.

The White Law Group is a national securities fraud, securities arbitration, and investor protection law firm with offices in Chicago, Illinois and Vero Beach, Florida.

For more information on The White Law Group and its representation of investors in FINRA arbitration claims, visithttps://www.whitesecuritieslaw.com.