Louis Navellier and Navellier & Associates, Inc.— Alleged Spreading of False Performance Claims Via Advertising Materials
Louis Navellier and Navellier & Associates, Inc. Allegedly Handed Out False Performance Claims in Their Advertising Materials
Louis Navellier and his Navellier & Associates, Inc., from 2010 to 2013, allegedly defrauded their clients and prospective clients, by allegedly making misleading statements regarding the performance track record of the so-called “Vireo AlphaSector” investment strategies that the firm offered under the “Vireo” brand name, according to an SEC Complaint presently being reviewed by attorneys Jason Kane and James Booker.
Investors who believe they may have lost money in activity related to Louis Navellier’s alleged false performance claims in advertising materials are encouraged to contact attorneys Jason Kane or James Booker with any useful information or for a free, no obligation discussion about their options.
The Peiffer Wolf Carr & Kane securities lawyers are currently investigating Louis Navellier’s alleged false performance claims in advertising materials.
Navellier and Navellier & Associates allegedly ignored so-called red flags demonstrating the investment strategies had not performed as advertised and rather re-branded the strategies as “Vireo AlphaSector” and proceeded to recommend them to clients, the Complaint states.
Navellier and Navellier & Associates Allegedly Distributed Ads Regarding Vireo AlphaSector which were Materially False based on Information First Obtained from the Strategies’ Model Manager, the Now-defunct F-Squared Investments Inc
Navellier and Navellier & Associates allegedly distributed advertisements about Vireo AlphaSector which were allegedly materially false based on information originally obtained from the strategies’ model manager, the now-defunct F-Squared Investments Inc, according to the aforementioned Complaint presently under review by attorneys Jason Kane and James Booker.
Navellier & Associates, which at present has about $1 billion in assets under management, allegedly later came to figure out that the track record of F-Squared was purportedly fabricated, the Complaint notes.
Navellier, rather than informing its clients, allegedly arranged to sell the Vireo business line to F-Squared and allegedly made a handsome profit, the Complaint reports.
The SEC goes on to allege that Navellier Associates allegedly asked for proof that the F-Squared strategies had a live record, but F-Squared allegedly refused on grounds of client confidentiality, the Complaint states. Finally, the SEC complaint alleges other due diligence efforts were also allegedly inadequate, and that the company allegedly persisted with its plans to market the AlphaSector strategy.
Securities Lawyers Investigating
The Peiffer Wolf Carr & Kane securities lawyers often represent investors who lose money as a result of investment-related fraud or misconduct and are currently investigating Louis Navellier’s alleged false performance claims in advertising materials. They take most cases of this type on a contingency fee basis and advance the case costs, and only get paid for their fees and costs out of money they recover for their clients.
Investors who believe they lost money as a result of Louis Navellier’s alleged false performance claims in advertising materials may contact the securities lawyers at Peiffer Wolf Carr & Kane, Jason Kane or James Booker, for a free no-obligation evaluation of their recovery options, at (585) 310-5140 or via e-mail at firstname.lastname@example.org or email@example.com.