Investigation in to potential FINRA claims involving First Trust Nasdaq Oil & Gas ETF
Have you suffered losses investing in First Trust Nasdaq Oil & Gas ETF? If so, the securities attorneys at The White Law Group may be able to help you recover your losses through a FINRA Arbitration claim.
The First Trust Nasdaq Oil & Gas ETF is an exchange-traded fund. The investment objective of the Fund is to seek investment results that correspond generally to the price and yield, before the Fund’s fees and expenses, of an index called the Nasdaq US Smart Oil & Gas Index. The Fund seeks to replicate the holdings and weightings of the Nasdaq US Smart Oil & Gas Index so as to generate performance results 95% correlated to that of the Nasdaq US Smart Oil & Gas Index.
Like many investments that track the oil and gas market, the fund has suffered enormous losses in the last year.
The White Law Group is investigating the liability that brokerage firms may have for recommending high risk ETFs that invest primarily in oil and gas.
Aggressive financial advisors may have unsuitably recommended First Trust Nasdaq Oil & Gas ETF in an effort to chase yield. Investors who buy solely on the basis of the dividend may experience losses as the dividend is cut and the stock price declines in response.
If your financial advisor over-concentrated your portfolio, 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 First Trust Nasdaq Oil & Gas ETF 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 Franklin, Tennessee. 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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