Navellier is latest to catch F-Squared affliction as SEC broadens parameters of wrongdoing

This article is really hard to read. Nothing against the writer. It's the formatting, fonts and layout. It's really bad.

Perhaps this is just the tip of the iceberg, that might be just the case if this article is right. How does any reputable investment adviser really raise meaning meaningful $$$ behind a strategy like this and not know the true story of the history behind it? Especially when the claim of a supposed ‘live’ track record is the cornerstone of how it is presented and sold to wide eyed and naive investors and clients. It says a lot about the CEO and his firm and speaks volumes about the temptation presented by F-Squared to simply turn your head the other way and exercise blindness to the deception that is sitting right in front of your eyes. Hopefully the SEC steps up to the plate and gets it right, there needs to be some real accountability. No more softball pitches for fraud like this. It’s this type conscious misconduct by CEOs, execs, and financial firms that tarnishes the entire industry with a bad name. We all lose when people lose confidence in the financial profession because of these charlatans.

Jeff Cerutti and John McCormack should also be investigated by the SEC. Both were head of sales and retail distribution at Virtus throughout this fraud. SEC should piece together when they knew of this fraud, how they continued to push all of the Regional Directors at Virtus to knowingly sell a fake track record, and the SEC should look at those 2 for stock gains if they sold based on insider information which could be insider trading