An investigation for investors in RevenueShares Small Cap Fund (ETF) (NYSEARCA:RWJ) shares over potential securities laws violations by Oppenheimer Small Cap Revenue ETF was announced and NYSE:RWJ stockholders should contact the Shareholders Foundation.
San Diego, CA -- (SBWIRE) -- 11/27/2017 -- An investigation was announced for investors of RevenueShares Small Cap Fund (ETF) (NYSEARCA:RWJ) shares over potential securities laws violations by Oppenheimer Small Cap Revenue ETF.
Investors who purchased shares of RevenueShares Small Cap Fund (ETF) (NYSEARCA:RWJ), have certain options and should contact the Shareholders Foundation at email@example.com or call 858-779-1554.
The investigation by a law firm focuses on whether a series of statements by Oppenheimer Small Cap Revenue ETF regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
Philadelphia based RevenueShares Small Cap Fund seeks to achieve its investment objective of outperforming the total return performance of the S&P SmallCap 600 Index (S&P 600) by investing in the constituent securities of the S&P 600 in the same proportions as the RevenueShares Small Cap Index.
On November 19, 2017, it was reported that "a review of more than three dozen mutual fund and exchange-traded fund advertisements found at least eight [advertisements] were inaccurate," either containing misleading language or reflecting ratings from the fund rating service Morningstar Inc. ("Morningstar") that were out-of-date. Regarding Oppenheimer Small Cap, the article reported that an August 23, 2017 digital advertisement for the Fund "claimed a four-star Morningstar rating," but that "the [F]und's rating had fallen to three-stars roughly three months before the advertisement appeared."
Those who purchased shares of RevenueShares Small Cap Fund (ETF) (NYSEARCA:RWJ) have certain options and should contact the Shareholders Foundation.
Shareholders Foundation, Inc.
3111 Camino Del Rio North - Suite 423
92108 San Diego
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