UPDATE 2-U.S. SEC fines 13 advisers for false claims involving F-Squared
August 25, 2016 at 14:08 PM EDT
Aug 25 (Reuters) - The U.S. Securities and Exchange Commission fined 13 investment advisory firms on Thursday for spreading false claims made by the now-defunct F-Squared Investments Inc, which had been one of the largest marketers of investment products using exchange-traded funds.