Investment Losses in Direxion Daily 20+ Year Treasury Bear 3X Shares (TMV)
Have you suffered losses in Direxion Daily 20+ Year Treasury Bear 3X Shares (TMV)? If so, the securities fraud attorneys of The White Law Group may be able to help you recover your losses through FINRA arbitration.
According to Investment News, despite the fact that Standard & Poor’s 500 stock index rose 9.3% in the first half of this year, and the international MSCI EAFE index jumped 11.8%, some funds and ETFs managed to post losses. One example is Direxion Daily 20+ Year Treasury Bear 3X Shares (TMV), a long term bond. It is down 18.5% since the first of the year.
Bond Investments aren’t necessarily Safe Investments
When interest rates rise, like they did this year, the value of long term bonds sold at lower interest rates decrease. Long term duration bond funds like the Direxion Daily 20+ Year Treasury Bear 3X Shares are exposed to the risk of increasing interest rates and as rates increase the value of the fund will likely decrease. Many bond investors are unaware of this risk and assume that their bond investments are their “safe” investments.
Before recommending a bond investment, a financial advisor, at minimum, is required to disclose: (1) the bond’s current price, (2) the commissions or markups that must be paid to acquire the bond, (3) an explanation of the call provisions for the bond (if applicable), (4) the current yield, the yield to maturity, and the yield to call the bond, (5) the amount and timing of the bond payments, and, most importantly, (6) the risk of default or devaluation of that particular bond’s value.
Free Consultation
If your financial advisor failed to adequately disclose the risk of investing in Direxion Daily 20+ Year Treasury Bear 3X Shares (TMV), you may be able to recover your losses through a FINRA arbitration claim. For a free consultation with a securities attorney, please call The White Law Group at 888-637-5510.
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 White Law Group, visit https://whitesecuritieslaw.com.
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Last modified: August 17, 2023
