In addition to the claims concerning the Direxion ERY Fund, Stull, Stull & Brody is also investigating claims on behalf of investors in other Direxion leveraged funds (the "Funds") (see list below), such as whether Direxion failed to disclose in its registration statements: (i) that if shares of the Funds were held for a time period longer than one day, the likelihood of massive losses was huge; and (ii) the extent to which performance of the Funds would invariably diverge from the performance of the benchmark.
The ERY Fund seeks investment results that correspond to three times (300%) the inverse (or opposite) of the daily performance of the Russell 1000 Energy Index (the "Russell 1000").
The Complaint alleges that given the spectacular tracking error between the performance of the ERY Fund and its benchmark index, investors in the ERY Fund have been shocked to learn that their supposedly correct play on the energy sector has caused them substantial losses.
Erys (left) receives his award from FUW president Emyr Jones
Cutting the anniversary cake alun Evans, Ed Bailey, Annie Malcolm Thomas and Erys A celebration cake was made for the event by outgoing chairperson Annie Parry, Derwenlas, Machynlleth.
Cutting the anniversary cake are, Alun Evans, Ed Bailey, Annie Parry, Malcolm Thomas and Erys Hughes
Ond na ddigaloner gormod, erys Cymry da ymhlith y Cymry di-Gymraeg oedd y teimlad a gefais wrth giniawa yn yr Owain Glyndwr yng Nghaerdydd yn ddiweddar