Recovery of Investment Losses in VelocityShares 3x Inverse Silver ETN S&P
Have you suffered losses investing in VelocityShares 3x Inverse Silver ETN S&P? If so, the securities attorneys at The White Law Group may be able to help you recover your losses by filing a FINRA Arbitration claim against the brokerage firm that sold you the investment.
An exchange-traded note (ETN) is a senior, unsecured, unsubordinated debt security issued by an underwriting bank. Similar to other debt securities, ETNs have a maturity date and are backed only by the credit of the issuer. ETNs are designed to provide investors access to the returns of various market benchmarks.
Risk Factors of VelocityShares 3x Inverse Silver ETN S&P
VelocityShares 3x Inverse Silver ETN S&P are senior, unsecured debt securities issued by Credit Suisse AG, acting through its Nassau Branch, that are linked to the return of the Index.
According to the website, the ETNs are intended to be daily trading tools for sophisticated investors to manage daily trading risks. They are designed to achieve their stated investment objectives on a daily basis, but their performance over different periods of time can differ significantly from their stated daily objectives. The ETNs are riskier than securities that have intermediate- or long-term investment objectives, and may not be suitable for investors who plan to hold them for a period other than one day.
Accordingly, the ETNs should be purchased only by knowledgeable investors who understand the potential consequences of an investment linked to the underlying index and of seeking daily compounding leveraged long or leveraged inverse investment results, as applicable.
Investors should actively and frequently monitor their investments in the ETNs, even intra-day. If an investor holds the ETNs for more than one day, it is possible that the investor will suffer significant losses in the ETNs even if the performance of the underlying index over the time the investor holds them is positive, in the case of the leveraged long ETNs, or negative, in the case of the leveraged inverse ETNs.
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If your financial advisor over-concentrated your portfolio in the VelocityShares 3x Inverse Silver ETN S&P, 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, can be unsuitable for many investors.
The White Law Group is investigating the liability that brokerage firms may have for recommending VelocityShares 3x Inverse Silver ETN S&P to their clients.
If you lost money investing in the VelocityShares 3x Inverse Silver ETN S&P and would like to discuss your litigation options, please call the securities arbitration attorneys of The White Law Group at 888-637-5510 for a free consultation.
The White Law Group, LLC is a national securities fraud, securities arbitration, investor protection, and securities regulation/compliance law firm with offices in Chicago, Illinois and Franklin, Tennessee. For more information on the firm and its representation of investors in FINRA arbitration claims, visit https://whitesecuritieslaw.com.
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