WEST PALM BEACH, Fla., Aug. 12, 2010 (GLOBE NEWSWIRE) -- The law firms of Dimond Kaplan & Rothstein, P.A. (http://www.dkrpa.com) and Duffy & Young, LLC (http://www.duffyandyoung.com) announced today that they are retaining clients and investigating claims involving investment losses suffered in the Foresee Strategies Insurance Funds 3(c)(1) and 3(c)(7) (the "Foresee Strategies Insurance Funds"). These funds were offered via an annuity issued by Sun Life Financial, and were sold to investors by among others, SagePoint Financial, Inc.
The Foresee Strategies Insurance Funds were part of the SALI Multi-Series Funds 3(c)(1) and 3(c)(7), L.P. The General Partner of the Foresee Strategies Funds was SALI Fund Partners, LLC, and the Investment Manager was SALI Fund Management, LLC. The Investment Subadvisor was Jemico, Inc., of which Jeff Collings was the Director and CEO. Sun Life Financial issued the annuity in which the Foresee Strategies Insurance Funds were offered as an investment. The brokerage firm of SagePoint Financial, Inc. may have sold the Foresee Strategies Insurance Funds to investors.
On May 5, 2010, the Foresee Strategies Insurance Funds were closed after experiencing tremendous losses due to, among other things, speculative, naked options trading on the S&P 500. Investors may have suffered losses of 100% of their investment principal.
Dimond Kaplan & Rothstein, P.A. is an AV-Rated law firm that represents investors nationwide in stockbroker misconduct and investment fraud cases. They have represented investors against most major Wall Street brokerage firms in claims involving numerous types of securities, including stocks, bonds, options, variable annuities, hedge funds and mutual funds. Duffy & Young is an AV-rated law firm in Charleston, South Carolina, with seasoned trial attorneys who litigate securities and financial-fraud matters involving investors nationwide. If you have suffered losses in conjunction with funds invested with the Foresee Strategies Insurance Funds, or if you have suffered investment losses attributable to stockbroker misconduct, please contact Jared A. Levy, Esq. of Dimond Kaplan & Rothstein, P.A. at (561) 671-1920 or jlevy@dkrpa.com, or Brian C. Duffy, Esq. of Duffy & Young, LLC at (843) 720-2044 or bduffy@duffyandyoung.com for a free case evaluation. You also may visit Dimond Kaplan & Rothstein, P.A. and Duffy & Young, LLC on the web at www.dkrpa.com or www.duffyandyoung.com.
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