What Happened?
We also allege that Direxion attracted investors with these funds as tempting and seemingly safe alternatives to stocks.
Direxion did not fully disclose the need for the investment to be flipped within the same day’s trading.
Why Didn’t This Work?
We allege that Direxion has touted its “simple” model, and that its funds operate successfully based on an objective
mathematical approach. We allege the problem with the Funds, however, is that the math does not add up and the
products do not perform. In short, we allege mathematically, the Funds do not work for multiple reasons, but the key is
that holding onto any of these Funds for more than one day virtually assured investor losses.
Can I Get My Money Back?
Investors who have lost money because they invested in these funds, without the benefit of full disclosure, may have an
opportunity to recover their losses through a lawsuit brought against Direxion by Gilman and Pastor LLP.
We are working to recover investors’ losses in these funds. We have a 30-year record of achievement in protecting
investors and consumers.
Your Rights At Stake Are Time-Sensitive: You Must Act Now!
In order to protect your rights and have a chance at recovering your losses, you
must contact us now. Please have your transaction data available for review.
Call 1-888-252-0048 or fill out the form below.
If you are an ordinary investor who lost $100,000 or more in the Direxion ERY fund
or other Direxion, funds, please contact us.
Protecting Your Investment Rights Gilman and Pastor, LLP
Learn About Your Right To Recovery
ABOUT US
PRACTICE AREAS
ATTORNEYS
LEGAL DISCLAIMER
For over 30 years, Gilman and
Pastor, LLP has been one of
the nation’s leading firms
representing investors in
securities fraud.
Lawsuit Press Release
Direxion Complaint
We allege that Direxion offered its
funds including the FAZ, ERY and
BGZ, to ordinary investors. Each of
the Direxion Funds identified follows
the same basic model and seeks to
copy triple the performance or the
inverse return of the benchmark.
Boston, Massachusetts
Gilman and Pastor, LLP
63 Atlantic Avenue, 3rd Floor
Boston, MA 02110
P: (888) 252-0048
F: (508) 291-3258
Wareham, Massachusetts
Gilman and Pastor, LLP
16 Fourteenth Avenue
Wareham, MA 02571
P: (508) 291-8400
F: (508) 291-3258
Bonita Springs, Florida
Gilman and Pastor, LLP
28100 Bonita Grande Drive, Suite 105
Bonita Springs, FL 34135
P: (239) 221-8269
F: (239) 221-8274