Recovery of Investment Losses in Highland Energy MLP Class A Fund
Have you suffered losses investing in Highland Energy MLP Class A Fund (HEFAX)? If so, the attorneys at The White Law Group may be able to help you through FINRA Arbitration.
Highland Energy MLP Class A Fund seeks to provide investors with current income and capital appreciation. The fund invests primarily in master limited partnership (MLP) investments. The advisor intends to invest at least 80% of its net assets in a portfolio of MLPs investments. In addition, the fund may invest up to 20% of the value of its total assets in a wide variety of securities and financial instruments, of all kinds and descriptions, that are not MLP investments, such as equity securities, equity-linked securities, fixed income securities (including “junk securities”), and money market securities, according to US World & News Report. The fund is non-diversified.
MLPs are Complex & Risky
Master Limited Partnerships (MLP) are extremely complex and risky, making them better suited for institutional investors or wealthy and sophisticated retail investors. The White Law Group is investigating the liability that brokerage firms may have for recommending high risk mutual funds that invest primarily in MLPs.
If your financial advisor over-concentrated your portfolio in the Highland Energy MLP Class A Fund, you may have a viable claim to recover your losses. Financial advisors are required to make suitable investment recommendations, accounting for your age, income, net worth, investment experience, and investment objectives. Diversification is the key to reducing risk. As such, over-concentrated exposure to any sector or investment but particularly volatile industries like oil and gas, can be unsuitable for many investors.
If you suffered losses investing in Highland Energy MLP Class A Fund and would like to discuss your litigation options, please call The White Law Group at 888-637-5510 for a free consultation.
The White Law Group is a national securities arbitration, securities fraud, and investor protection law firm with offices in Chicago, Illinois and Vero Beach, Florida. The firm represents investors throughout the country in FINRA arbitration claims against their brokerage firm.
For more information on The White Law Group, visit www.whitesecuritieslaw.com.
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