The NAPF has published a new Made Simple Guide, offering pension funds an introduction to procedures available to pursue legal claims when affected by securities fraud.

The 'Securities Fraud & Investor Remedies Made Simple Guide', sponsored by the law firm Robbins Geller Rudman & Dowd LLP, is the latest addition to the NAPF's Made Simple series.

NAPF chief executive Joanne Segars, said: "The NAPF's Made Simple guides tackle an array of technical subjects that pension scheme trustees and managers should be familiar with, in jargon-free language."

The cost of financial misconduct can be significant to pension funds, and it's important that schemes understand what securities litigation is and how claims can be pursued, so that should schemes find themselves the victims of securities fraud they are "in a position to make informed decisions on behalf of their members," she added.

The latest guide, sponsored by Robbins Geller Rudman & Dowd LLP (RGRD), introduces the topic of securities fraud and investor remedies.

Mark Solomon, who leads RGRD's international litigation practice, said: "Each year billions of pounds are recovered by investors as compensation for losses they suffer when publicly traded companies and their agents mislead them and financial markets, only for the truth ultimately to emerge.

"This Made Simple Guide introduces pension funds to the core ingredients of securities litigation in the US, the UK, Canada and Australia and its focus is on the nature, preservation and pursuit of basic claims and remedies available to funds when issuers and their agents defraud them by artificially inflating the prices of securities they purchase."

Securities Fraud & Investor Remedies Made Simple (PDF version) is available to download from the NAPF website and the hard copy guide costs GBP 18 for NAPF members and GBP 35 for non-members, which can be ordered on line at the NAPF website.

First published 21.05.2015

Lindsay.sharman@wilmingtonplc.com