ETRACS Monthly Pay 2xLeveraged Dow Jones Select Dividend Index ETN (DVYL) Mandatory Redemption

ETRACS Monthly Pay 2xLeveraged Dow Jones Select Dividend Index ETN(DVYL) Investment Losses

Recovery of Investment Losses in DVYL

Have you suffered losses investing in ETRACS Monthly Pay 2xLeveraged Dow Jones Select Dividend Index ETN(DVYL)? If so, 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.

ETRACS Monthly Pay 2xLeveraged Dow Jones Select Dividend Index ETN is an exchange-traded note issued by UBS.

Unfortunately for investors, COVID-19 global pandemic has caused securities markets to tank, particularly those related to oil and gas. ETRACS Monthly Pay 2xLeveraged Dow Jones Select Dividend Index ETN is one of many funds that UBS is closing after the market drop caused investors huge losses.

According to a press announcement on March 24, UBS Investment Bank announced that all outstanding notes of the ETRACS Monthly Pay 2xLeveraged Dow Jones Select Dividend Index ETN due May 22, 2042 (Ticker: DVYL) will be mandatorily redeemed after an occurrence of an Acceleration Upon Minimum Indicative Value on March 23, 2020, triggered as a result of the intraday indicative value of the Securities on the Acceleration Date decreasing by more than 60% in value from the closing indicative value of the Securities on the previous Monthly Valuation Date.

All outstanding notes will be automatically accelerated and redeemed and holders will reportedly be entitled to receive the “Acceleration Amount” calculated in accordance with the terms of the Securities. Payment of the Acceleration Amount will be made on the Acceleration Settlement Date, which is expected to be April 1, 2020.

Concerned about investment losses?

The White Law Group continues to investigate the liability that brokerage firms may have for recommending complex and risky ETNs like  DVYL to investors.

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.

Many of these investments are packaged as a way for investors to avoid the volatility of the market or capture growth in a particular sector.  In reality, these structured investments are just ways for the industry to increase revenues generated from the creation, sale, and management of these products.

Financial professionals and brokerage firms have a duty to recommend only investments that are appropriate for the client based on the client’s age, investment experience, net worth, and investment objectives.

If you have suffered losses investing in ETRACS Monthly Pay 2xLeveraged Dow Jones Select Dividend Index ETN(DVYL), you may be able to recover your losses through FINRA arbitration. 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.