Securities Fraud Blog | Find out if your broker is liable for your losses

May/11

10

The Z Seven Fund ( ZSEVX ) , is down 73.2%

Soreide Law Group would like to know if your stock broker or financial advisor recommend to you the this year’s worst-performing fund? According to Smart Money, the Z-Seven Fund decided to liquidate the fund as of December 29.
The Z Seven fund’s stock-picking system was designed to incorporate the lessons learned in the 1973-74 bear market, and the international stock fund did outperform a world stock index during the downturn in late 2008 and early 2009, but it fell behind in the recovery. If you put $10,000 in this fund at the beginning of this year would have lost more than $7,000 in the last 12 months.
So, you ask, what went wrong? Smart Money says that with just 14 stocks in its portfolio at the end of the third quarter, the fund may have suffered from bad timing – some of its top holdings, including British investment management company Rathbone Brothers PLC, PetMed Express, and British consulting firm RPS Group suffered steep losses in the spring and summer. While shares of those companies have since recovered, this fund’s shareholders never did.

If you were an investor in the Z-Seven Fund (ZSEVX), call a Securities Arbitration Lawyer for a free consultation on how you could potentially recover your losses.  To speak with an attorney, call 888-760-6552, or visit www.stockmarketlawsuit.com. Soreide Law Group, PLLC., representing investors nationwide before FINRA  the Financial Industry Regulatory Authority.

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