Alpha Fiduciary Inc. (AFI), an investment advisory firm, along with two of its officers, have been accused of misleading clients. The Securities and Exchange Commission (SEC) alleged that between 2010 and 2013, AFI misled clients by not disclosing that they were using hypothetical back-tested data to promote its Global Tactical Multi Asset Strategies (GTMACS). According to the SEC, “in one instance, the GTMAC’s Balanced model was shown to have a 163.7 percent return between 1999 and 2012. For this, AFI was fined $250,000. If you or anyone you know invested money with AFI, you may be able to recover your investment losses by calling our securities law firm to speak to an attorney for a free consultation. There is no obligation.
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