INVESTORS NATIONWIDE BEWARE - ACTIVELY TRADED ETFS WILL ADD RISK TO YOUR PORTFOLIO!

The Securities and Exchange Commission (SEC) recently unveiled a policy change that could have a major impact on an exchange traded fund's (ETFs) risk profile. In essence, the SEC has lifted its suspension on the use of derivatives by certain ETFs. This move is in response to pressure from the industry, and it is expected to result in a major increase in the number of actively managed ETFs. Managers will now be able to use derivatives in their investment strategies in order to hedge against risk. Problem is derivatives are also widely used to speculate in order to increase profits, which most certainly increases risk. Fortunately, the SEC is keeping its freeze in place for leveraged and inverse exchange traded funds - funds that can deal a bigger blow to investors because of their use of borrowed funds to increase profits.
ETFs are investment funds that are traded on stock exchanges, much like stocks. An ETF holds assets such as stocks, commodities, or bonds, and trades close to its net asset value over the course of the trading day. Most ETFs track an index, such as a stock index or bond index and are attractive investments because of their low costs, tax efficiency, and stock-like features. By owning an ETF, investors benefit from the diversification of an index fund as well as the ability to purchase as little as one share. In addition, expense ratios for most ETFs are lower than those of the average mutual fund. When buying and selling ETFs, investors pay the same commission to their brokers that they would pay on any regular stock order.
Investors should be concerned with the lifting of the derivatives suspension for ETFs because it will most likely affect management's investment strategy and investors' portfolios. Currently, there are 7,149 mutual funds and 1,444 ETFs. Approximately 6,836 mutual funds are actively managed, and only 54 ETFs are actively managed thus far. With expectations of a rise in actively traded ETFs, Investors and their advisors should review their ETF holdings for any changes in investment strategy and determine whether it is suitable for them. That way, investors can avoid learning the hard way what actively traded ETFs are all about and prevent future monetary losses.
Have you suffered losses resulting from actively traded ETFs? If so, call Robert Pearce at the Law Offices of Robert Wayne Pearce, P.A. for a free consultation. Mr. Pearce is actively investigating and accepting clients with valid claims against stockbrokers who misrepresented and sold unsuitable investments such as actively traded ETFs to investors.
The most important of investors' rights is the right to be informed! This Investors' Rights blog post is by the Law Offices of Robert Wayne Pearce, P.A., located in Boca Raton, Florida. For over 30 years, Attorney Pearce has tried, arbitrated, and mediated hundreds of disputes involving complex securities, commodities and investment law issues. The lawyers at our law firm are devoted to protecting investors' rights throughout the United States and internationally! Please visit our website, www.secatty.com, post a comment, call (800) 732-2889, or email Mr. Pearce at pearce@rwpearce.com for answers to any of your questions about this blog post and/or any related matter.

UBS WILLOW FUND LIQUIDATES SHARES LEAVING INVESTORS WITH 20 CENTS ON THE DOLLAR

In October 2012, the UBS Willow Fund, a distressed debt hedge fund, informed investors that the fund would be liquidated after having sustained substantial losses. Formed in 2000, UBS Willow has suffered losses exceeding $300 million, which date back to 2007 - its net asset value (NAV) per share was down 80 percent upon UBS Willow's liquidation announcement. In December 2012, a class action lawsuit was filed against UBS Willow alleging a deviation from the fund's investment strategy. The lawsuit, filed in Manhattan, seeks to recover over $200 million for investors who have lost money in the fund. Meanwhile, the Law Offices of Robert Wayne Pearce, P.A. is currently investigating the broker-dealers and financial advisors that marketed and sold the product to investors. Our attorneys are researching potential claims that will hold broker-dealers and financial advisors liable for recommending UBS Willow and recover additional losses resulting from the investment.
Hedge funds are similar to mutual funds in structure. Investor money is pooled together and invested in an effort to make a positive return. However, hedge funds have more flexible investment strategies than mutual funds. Hedge funds seek to profit in all kinds of markets by utilizing strategies involving leverage, short-selling, and other speculative investment practices that are not typically used by mutual funds. Another factor that distinguishes hedge funds from mutual funds is that hedge funds are not subject to the same regulations designed to protect investors. Depending on the amount of assets in the hedge funds advised by a manager, some hedge funds may not be required to file reports with the SEC. Fortunately, hedge funds are subject to the same prohibitions against fraud as are other market participants. In addition, managers owe a fiduciary duty to the funds under management.
Broker-dealers have a duty to perform adequate due diligence, especially when offering risky investments such as hedge funds, to ensure that the investment is suitable for an individual investor's age, risk tolerance, investment experience, net worth, and investment time horizon. If broker-dealers fail to carry out this duty, they can be liable to investors for damages. In the case of UBS Willow, it is evident that financial advisors made certain misrepresentations about the product's risks and investment strategy. As a result, investors who have suffered losses are encourage to file arbitration claims to recover any losses stemming from UBS Willow.
Have you suffered losses resulting from owning shares in the UBS Willow Fund? If so, call Robert Pearce at the Law Offices of Robert Wayne Pearce, P.A. for a free consultation. Mr. Pearce is actively investigating and accepting clients with valid claims against stockbrokers who misrepresented and sold the UBS Willow Fund to investors.
The most important of investors' rights is the right to be informed! This Investors' Rights blog post is by the Law Offices of Robert Wayne Pearce, P.A., located in Boca Raton, Florida. For over 30 years, Attorney Pearce has tried, arbitrated, and mediated hundreds of disputes involving complex securities, commodities and investment law issues. The lawyers at our law firm are devoted to protecting investors' rights throughout the United States and internationally! Please visit our website, www.secatty.com, post a comment, call (800) 732-2889, or email Mr. Pearce at pearce@rwpearce.com for answers to any of your questions about this blog post and/or any related matter.

GENSPRING IN THE HOT-SEAT FOR HEDGE FUNDS SOLD AS CONSERVATIVE BOND ALTERNATIVES

The Law Offices of Robert Wayne Pearce, P.A. is currently investigating GenSpring Family Offices (formerly Asset Management Advisors (AMA)), a large wealth management firm that serves high net worth individuals and families, for selling hedge funds to investors as an alternative to bond or fixed income investments. Some of the hedge funds that were sold were "funds of funds" with layers of managers and mixed investment strategies. Some Investor portfolios have lost up to 24 percent of their value between September 2008 and December 2008 - more than two times the amount of downside protection promised by GenSpring to its clients. This comes as no surprise given the amount of misrepresentation and lack of disclosure issues related to high risk investments that investors have been facing recently.
Hedge funds are similar to mutual funds in structure. Investor money is pooled together and invested in an effort to make a positive return. However, hedge funds have more flexible investment strategies than mutual funds. Hedge funds seek to profit in all kinds of markets by utilizing strategies involving leverage, short-selling, and other speculative investment practices that are not typically used by mutual funds. Another factor that distinguishes hedge funds from mutual funds is that hedge funds are not subject to the same regulations designed to protect investors. Depending on the amount of assets in the hedge funds advised by a manager, some hedge funds may not be required to file reports with the SEC. Fortunately, hedge funds are subject to the same prohibitions against fraud as are other market participants. In addition, managers owe a fiduciary duty to the funds under management.
GenSpring has more than $17 billion under management, and it currently caters to some of the wealthiest families in the world. It is a wholly-owned subsidiary of SunTrust and has offices in Florida, Minnesota, Tennessee, Colorado, California, Georgia, Maryland, Connecticut, North Carolina, Arizona, and New York.
Have you suffered losses resulting from an investment misrepresented by GenSpring Family Offices? If so, call Robert Pearce at the Law Offices of Robert Wayne Pearce, P.A. for a free consultation. Mr. Pearce is actively investigating and accepting clients with valid claims against stockbrokers who misrepresented and sold unsuitable investment to investors.
The most important of investors' rights is the right to be informed! This Investors' Rights blog post is by the Law Offices of Robert Wayne Pearce, P.A., located in Boca Raton, Florida. For over 30 years, Attorney Pearce has tried, arbitrated, and mediated hundreds of disputes involving complex securities, commodities and investment law issues. The lawyers at our law firm are devoted to protecting investors' rights throughout the United States and internationally! Please visit our website, www.secatty.com, post a comment, call (800) 732-2889, or email Mr. Pearce at pearce@rwpearce.com for answers to any of your questions about this blog post and/or any related matter.

WHY WOULD YOU WANT TO INVEST IN HEDGE FUNDS?

Warren Buffett has called hedge funds "manager compensation schemes." According to a recent article in The Economist, "Rich Managers, Poor Clients," investors pay for manager expertise, but controlling costs is a better way of having a successful investment than betting on a manager's track record. Some hedge funds charge performance fees of 20% of the gains plus another fixed 2-3% management fee regardless of whether the fund is profitable - a total of 22% in fees. In other words, the hedge fund would have to gain over 22% for investors just to breakeven. The only way to achieve those types of returns is to take extraordinary risk with your investment capital. As The Economist article stated: "It is easy to think of people who have become billionaire's by managing these hedge funds; it is far harder to think of any of their clients who have got as rich."
It is not only the costs associated with hedge funds that trouble me. The reality is they have performed poorly over the last 10 years, while they have made hedge fund managers very wealthy. As measured by the HFRX Indices (widely used benchmarks for hedge fund performance), hedge funds returned just 3% in 2012 compared to an 18% return of the S & P 500 stock Index. The major problem all hedge funds suffer these days is that they have attracted so much money that they cannot invest as they did in the past. There are too many dollars chasing too few market opportunities. And now, hedge funds are "going retail" and becoming widely available to small investors in Funds of Funds and becoming embedded in variable annuities, pension funds, endowments, foundations and other retirement plans. There are nearly 8000 hedge funds on the market and more coming online every day.
The biggest problem we have with hedge funds is a lack of transparency and the lack of due diligence that many brokers perform prior to offering and selling these investments to their biggest and best clients. The complexity and lack of transparency of hedge funds makes them the vehicle of choice for fraudsters. The United States Securities and Exchange Commission (SEC) has become especially concerned and set up a special unit "The Market Abuse Unit" to investigate the problems and abuses in the hedge fund industry. The SEC and the attorneys at our law firm are concerned about unregistered investment advisers engaging in general solicitations to unaccredited investors to put their capital in unregistered hedge funds. Too many retired, income-oriented investors, in search of higher yields have been misled into a number of hedge fund frauds such as the MAT/ASTA funds offered by Smith Barney and Citibank advisers.
Have you suffered losses resulting from an investment in any hedge fund? If so, call Robert Pearce at the Law Offices of Robert Wayne Pearce, P.A. for a free consultation. Mr. Pearce is actively investigating and accepting clients with valid claims against hedge fund salespersons who fraudulently offered and sold the fund to investors.
The most important of investors' rights is the right to be informed! This Investors' Rights blog post is by the Law Offices of Robert Wayne Pearce, P.A., located in Boca Raton, Florida. For over 30 years, Attorney Pearce has tried, arbitrated, and mediated hundreds of disputes involving complex securities, commodities and investment law issues. The lawyers at our law firm are devoted to protecting investors' rights throughout the United States and internationally! Please visit our website, www.secatty.com, post a comment, call (800) 732-2889, or email Mr. Pearce at pearce@rwpearce.com for answers to any of your questions about this blog post and/or any related matter.

FINRA INVESTIGATES BROKER-DEALERS FOR SELLING VARIABLE ANNUITIES INVESTED IN HEDGE FUNDS

The Financial Industry Regulatory Authority (FINRA) is investigating six independent broker-dealers for selling variable annuities with subaccounts invested in hedge funds, which resulted in $18 million in client losses during the credit crisis. The variable annuity product at the heart of the investigation was issued by Sun Life Financial, and the two hedge funds were Foresee Strategies Insurance Fund and the Foresee Strategies 3(c)(1) Insurance Fund LP, which were related to a group called the SALI Multi-Series Fund LP. The broker-dealers that have already faced FINRA arbitration complaints from investors include: Geneos Wealth Management Inc., Lincoln Financial Network, National Planning Corp., SagePoint Financial Inc., and FSC Securities Corp. Lincoln Financial had the most clients in the Sun Life annuity, and the average investment was about $500,000.00. One broker-dealer that sold the product has completely shut down, and Sun Life has dropped out of the variable annuity business altogether.
An annuity is a form of insurance that offers a series of payments for a period of time. Variable annuities are typically higher in risk when compared with other types of annuities and depend on how the stock market is performing. Buyers have the option to allocate the cash invested into different types of assets such as mutual funds, indices, fixed income investments or bonds, and cash. Variable annuities do not guarantee principal protection, so investors can lose money if markets deteriorate.
Hedge funds are similar to mutual funds in structure. Investor money is pooled together and invested in an effort to make a positive return. However, hedge funds have more flexible investment strategies than mutual funds. Hedge funds seek to profit in all kinds of markets by utilizing strategies involving leverage, short-selling, and other speculative investment practices that are not typically used by mutual funds. Another factor that distinguishes hedge funds from mutual funds is that hedge funds are not subject to the same regulations designed to protect investors. Depending on the amount of assets in the hedge funds advised by a manager, some hedge funds may not be required to file reports with the SEC. Fortunately, hedge funds are subject to the same prohibitions against fraud as are other market participants. In addition, managers owe a fiduciary duty to the funds under management.
The funds' strategy was put together between 2004 and 2007, which was considered a period of low volatility - the strategy was to invest in options in the Standard and Poor's 500 Stock Index, and to use both put and call options, known as a strangle. The strategy collapsed when the market crash began in September 2008, which caused one fund to lose 90 percent of its value, and the other to lose 75 percent. A FINRA arbitration panel has recently issued a $284,000.00 award to a SagePoint client, who alleged unsuitability, common law fraud, breach of fiduciary duty, and negligence. Three of the other broker-dealers have already resolved litigation.
Have you suffered losses in your variable annuity due to investments in hedge funds? If so, call Robert Pearce at the Law Offices of Robert Wayne Pearce, P.A. for a free consultation.
The most important of investors' rights is the right to be informed! This Investors' Rights blog post is by the Law Offices of Robert Wayne Pearce, P.A., located in Boca Raton, Florida. For over 30 years, Attorney Pearce has tried, arbitrated, and mediated hundreds of disputes involving complex securities, commodities and investment law issues. The lawyers at our law firm are devoted to protecting investors' rights throughout the United States and internationally! Please visit our website, www.secatty.com, post a comment, call (800) 732-2889, or email Mr. Pearce at pearce@rwpearce.com for answers to any of your questions about this blog post and/or any related matter.

HEDGE FUND INVESTORS NATIONWIDE BEWARE - YOU MAY NOT BE GETTING THE WHOLE TRUTH!

Hedge fund investors do not receive all the federal and state law protections that typically apply to mutual fund investments. For example, hedge funds are not required to provide the same level of disclosure as one would receive if investing in mutual funds. This poses a serious concern for investors because it can be more difficult to evaluate the terms of an investment in a hedge fund. In addition, it may also be difficult to verify the representations an investor receives from the hedge fund. The Securities and Exchange Commission (SEC) has brought numerous actions against hedge funds and their managers for defrauding investors. Some examples include actions for managers misrepresenting their experience and track record, Ponzi schemes, and phony account statements to cover up losses and stolen cash. That is why it is extremely important to thoroughly check every aspect of any hedge fund one might consider investing in.
Hedge funds are similar to mutual funds in structure. Investor money is pooled together and invested in an effort to make a positive return. However, hedge funds have more flexible investment strategies than mutual funds. Hedge funds seek to profit in all kinds of markets by utilizing strategies involving leverage, short-selling, and other speculative investment practices that are not typically used by mutual funds. Another factor that distinguishes hedge funds from mutual funds is that hedge funds are not subject to the same regulations designed to protect investors. Depending on the amount of assets in the hedge funds advised by a manager, some hedge funds may not be required to file reports with the SEC. Fortunately, hedge funds are subject to the same prohibitions against fraud as are other market participants. In addition, managers owe a fiduciary duty the funds under management.
Investors interested in hedge funds can safeguard themselves from abuses and monetary losses by taking the following actions: 1) read a fund's offering memorandum and related materials to determine its investment strategy, the geographical location, fees earned by the manager, expenses charged by the manager, and any conflicts of interest that may exist; 2) understand the level of risk taken by the hedge fund and determine whether it is suitable; 3) determine if the fund is using leverage or other speculative investment techniques; 4) understand the fund's valuation process in case the fund is investing in highly illiquid securities; 5) understand how the fund's performance is determined; 6) understand any limitations on rights of redemption; and 7) research the backgrounds of the hedge fund managers. These simple investigations will help to shed light on whether a hedge fund is suitable for an inexperienced hedge fund investor, who should certainly employ every available measure in order to avoid losing his or her hard earned money.
Have you suffered significant losses in a hedge fund? If so, call Robert Pearce at the Law Offices of Robert Wayne Pearce, P.A. for a free consultation.
The most important of investors' rights is the right to be informed! This Investors' Rights blog post is by the Law Offices of Robert Wayne Pearce, P.A., located in Boca Raton, Florida. For over 30 years, Attorney Pearce has tried, arbitrated, and mediated hundreds of disputes involving complex securities, commodities and investment law issues. The lawyers at our law firm are devoted to protecting investors' rights throughout the United States and internationally! Please visit our website, www.secatty.com, post a comment, call (800) 732-2889, or email Mr. Pearce at pearce@rwpearce.com for answers to any of your questions about this blog post and/or any related matter.

WATCH OUT INVESTORS--HEDGE FUNDS WITH COMMODITIES INVESTMENTS HAVE TAKEN A BEATING!

Hedge funds and alternative investments that have invested in or are linked to commodities in particular have taken a beating. Slowing U.S. jobs growth, slowing growth in China, concerns about another global recession, and uncertainties relating to the Euro crisis, have turned commodities bulls into bears as hedge funds beat a hasty retreat from commodities for the third consecutive month, according to Businessweek ("Hedge Funds in Longest Rout Since Global Recession," by Tony C. Dreibus). Sentiment is now at its most bearish this year on copper, oil, heating oil, corn, gold and silver. Net long positions declined 26 percent in May, according to the article, citing the Commodities Futures Trading Commission. Europe, which accounts for 18 percent of worldwide copper and wheat demand, is floundering and the Euro reached a 23-month low versus the U.S. dollar on June 1st.

This reversal in commodities demand appears to be part of a larger turning against alternative investments in general. Recently, hedge funds and many other alternative investments have underperformed expectations, and institutional investors have begun to worry even more about their high fees and illiquidity.

"When there's concern about the global economy, you're not going to be rushing into commodities, and end-users are going to be more cautious about buying," said one money manager, who oversees about $170 million of assets, adding: "People are selling because they're looking for liquidity and they're nervous about the global economic outlook."

Many investors seem to sense that they have nowhere to go except U.S. Treasuries, which are yielding next to nothing. "Investors are running scared," another money manager observed, adding: "They've lost faith in equities and lost faith in anything that's so-called higher risk. The money has to go somewhere. The general comfort level with holding cash is pretty low."

The most important of investors' rights is the right to be informed! This Investors' Rights blog post is by the Law Offices of Robert Wayne Pearce, P.A., located in Boca Raton, Florida. For over 30 years, Attorney Pearce has tried, arbitrated, and mediated hundreds of disputes involving complex securities, commodities and investment law issues. The lawyers at our law firm are devoted to protecting investors' rights throughout the United States and internationally! Please visit our website, www.secatty.com, post a comment, call (800) 732-2889, or email Mr. Pearce at pearce@rwpearce.com for answers to any of your questions about this blog post and/or any related matter.

WATCH OUT INVESTORS--DON'T GET PUSHED INTO ALTERNATIVE INVESTMENT MUTUAL FUNDS

Investors have been misled into believing that alternative investment mutual funds will deliver short-term positive returns in any type of market conditions. There have been two bear markets since 2000 and the S&P 500 stock index is almost 10 percent lower today than it was in 2000. Investors have not forgotten and are desperately exploring viable investment options. According to John Waggoner (USA Today), investors' fear and loathing of the stock market has resulted in $182 billion in outflows from actively managed stock mutual funds since the bottom in March 2009, and record inflows into various alternative investment mutual funds ("Funds Craft Lures for Skittish Investors"). They include "long-short" funds, which both buy some stocks and sell other stocks short; volatility funds, which bet on how violently the market lurches in one direction or the other; bear funds, which sell short in the belief that markets will fall in the short term; and absolute return funds, which speculate in risky securities like commodities, foreign currencies, and emerging markets.

In the past 12 months, however, the S&P 500 has returned 4.6 percent, but market neutral funds are down 1.4 percent, long-short funds are down 2.7 percent, currency funds are down 5.4 percent, and multi-alternative funds are down 2.6 percent, according to the article, citing Morningstar.

And so, why should investors allow advisors to push them into investments they don't understand, that employ new and untested strategies and the highest fees and expenses? Don't jump into alternative investment mutual funds simply because you're disappointed with your stock and bond mutual funds. If you do, the new alternative investment track record indicates you will only be disappointed!

The most important of investors' rights is the right to be informed! This Investors' Rights blog post is by the Law Offices of Robert Wayne Pearce, P.A., located in Boca Raton, Florida. For over 30 years, Attorney Pearce has tried, arbitrated, and mediated hundreds of disputes involving complex securities, commodities and investment law issues. The lawyers at our law firm are devoted to protecting investors' rights throughout the United States and internationally! Please visit our website, www.secatty.com, post a comment, call (800) 732-2889, or email Mr. Pearce at pearce@rwpearce.com for answers to any of your questions about this blog post and/or any related matter.

WATCH OUT INVESTORS--HEDGE FUND-LIKE MUTUAL FUNDS UNDERPERFORM THE MARKET

Hedge fund-like mutual funds are "today's hottest yet least rewarding strategy," according to Lewis Braham ("Serving Up Disappointment," Bloomberg Markets). They use market-neutral, long-short, managed-futures and other alternative strategies. The long and short of it is that they cost more and may return less than an index fund. Expenses can be as high as 6.7 percent.

Highbridge Statistical Market Neutral mutual fund is a case in point. The fund was created by JP Morgan hedge fund managers, and holds $866 million in equal portions of long and short positions, according to the article. During the seven years from inception through March 2012, its annualized return was 1.2 percent - compared to 4.1 percent for the S&P 500 stock index. That dismal return put it at the head of the class of 255 hedged U.S. mutual funds.

Alternative investments have been pitched as a panacea to investors who have lost faith in traditional stock and bond investments. Observers say the flow of investor funds into alternatives has begun to slow due to poor performance, high fees, valuation issues and illiquidity.

Have you suffered any hedge fund-like mutual fund losses? If so, call the Law Offices of Robert Wayne Pearce, P.A. for a free consultation.

The most important of investors' rights is the right to be informed! This Investors' Rights blog post is by the Law Offices of Robert Wayne Pearce, P.A., located in Boca Raton, Florida. For over 30 years, Attorney Pearce has tried, arbitrated, and mediated hundreds of disputes involving complex securities, commodities and investment law issues. The lawyers at our law firm are devoted to protecting investors' rights throughout the United States and internationally! Please visit our website, www.secatty.com, post a comment, call (800) 732-2889, or email Mr. Pearce at pearce@rwpearce.com for answers to any of your questions about this blog post and/or any related matter.

WATCH OUT FLORIDA RETIREES--HIGHER YIELDS INVOLVE GREATER RISK

The prospect of several more years of extremely low interest rates is causing people who depend on interest income to accept Wall Street's recommendations to purchase relatively illiquid and opaque alternative investments like structured products, non-traded REITs, hedge funds and variable annuities. ("Itchy Investors Ramp Up the Risk," Wall Street Journal). Regulators worry that the increased risks associated with such investments are not being explained to investors.

Interest income is down nearly one-third from peak levels in the third quarter of 2008, according to the article. Four-year certificates of deposit are paying an average of 0.88 per cent while inflation is about 2 percent. The last prolonged period of low interest rates occurred 60 to 70 years ago when one-month Treasury bills paid 0.7 percent versus a 5.9 percent inflation rate, according to the article.

Stock market volatility is also subject to extreme levels. In 2011, stocks finished the year "relatively flat" after gyrating wildly. In May 2009, the "flash crash" churned investors' stomachs as the Dow lost 1,000 points in minutes.

The wizards of Wall Street continue to churn out structured products, hedge funds, exchange traded products and other alternative investments to enable investors to chase yield despite warnings from the Financial Industry Regulatory Authority (FINRA) that they should not encourage investors to chase yield because of the risks involved.

Individual investors chasing yield are not the only ones who could get burned. Low interest rates are also "pressuring life insurance companies" to chase yield and some life insurers may be taking on more risk than they should.

All investors should remember that increased yields invariably mean increased risk. There simply is no free lunch.

The most important of investors' rights is the right to be informed! This Investors' Rights blog post is by the Law Offices of Robert Wayne Pearce, P.A., located in Boca Raton, Florida. For over 30 years, Attorney Pearce has tried, arbitrated, and mediated hundreds of disputes involving complex securities, commodities and investment law issues. The lawyers at our law firm are devoted to protecting investors' rights throughout the United States and internationally! Please visit our website, www.secatty.com, post a comment, call (800) 732-2889, or email Mr. Pearce at pearce@rwpearce.com for answers to any of your questions about this blog post and/or any related matter.