We also allege that ProShares attracted investors with these funds as tempting and seemingly safe alternatives to stocks.
ProShares did not fully disclose the need for the investment to be flipped within the same day’s trading.
We allege that ProShares has touted its “simple” model, and that its Ultra and UltraShort ETFs operate successfully based
on an objective mathematical approach. We allege the problem with each of 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.
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 ProShares 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 ProShares Ultra
and UltraShort and Exchange Traded Funds (ETF), including those below:
• Russell 1000 Value (SJF)
• Russell 1000 Value (UVG)
• Russell Midcap Value (SJL)
• Russell MidCap Value (UVU)
• Russell 2000 Value (SJH)
• Russell 2000 Value (UVT)
• Russell 2000 Growth (SKK)
• Russell 2000 Growth (UKK)
• Consumer Services (SCC)
• Consumer Services (UCC)
• Semiconductors (PS Ultra Semis)
• Technology (PS Ultra Tech)
• Real Estate Fund (PS Ultra Real Est)
• Utilities (PS Ultra Util)
• DJ – AIG – Crude Oil (SCO)
For over 30 years, Gilman and
Pastor, LLP has been one of
the nation’s leading firms
representing investors in
securities fraud.
We allege that ProShares offered its
Ultra funds (double-long leveraged
funds), and UltraShort funds (double-
short leveraged funds), to ordinary
investors. Each of the ProShares
Funds identified follows the same
basic model and seeks to copy
double the performance (Ultra) or
double the inverse return of the
benchmark (UltraShort).