LJMIX Accused of Exposing Investors to Catastrophic Losses

According to the complaint, LJM Preservation and Growth I (LJMIX) filed multiple Registration Statements and Prospectuses in connection with the sale of LJMIX, stating that " seeks capital appreciation and capital preservation with low correlation to the broader U.S. equity market." LJMIX further represented that "he Fund aims to preserve capital, particularly in down markets (including major market drawdowns), through using put option spreads as a form of mitigation risk." Although LJMIX represented that it was acting in its investors' best interests, LJMIX was not focused on capital preservation and left investors exposed to an unacceptably high risk of catastrophic losses. When the S&P fell approximately 4.6% on February 5, 2018, LJMIX plunged over 80% to close at $1.94 on February 7, 2018.

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