Icon Funds Investigation

May 24, 2012

Salas Wang LLC is announcing its investigation into Icon Funds, specifically Icon Fund Eleven and Icon Fund Twelve.    Investors in Icon may have lost over 80% of their principal in the investment.  We believe stockbrokers have been selling this investment to individuals that should not be investing in these funds.

For example, Icon Fund Eleven has numerous risks that may not have been disclosed to investors.  According to Icon’s most recent financial report, those risks include:

  • Dividends paid from capital;
  • Partial or total illiquidity;
  • Lack of transfer ability; and
  • Unreliability of Dividends.
These risks are just the tip of the iceberg.  If you have invested in Icon Funds Eleven and/or Twelve, please give Jeffrey Salas a call at 312.803.4963, or fill out the contact form below.

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