Have you suffered losses investing in Market Vectors Solar Energy ETFs such as Guggenheim Solar ETF (TAN) and VanEck Vectors Solar Energy ETF (KWT)? If so, the attorneys at The White Law Group may be able to help.
Since the beginning of the year, Guggenheim Solar ETF (TAN) and VanEck Vectors Solar Energy ETF (KWT) have fallen 30 percent and 31 percent respectively. Compared to the S&P 500, which has climbed 7 percent year-to-date, solar stocks are down.
An exchange-traded fund (ETF) is an investment fund traded on stock exchanges, much like stocks. An ETF holds assets such as stocks, commodities, or bonds, and trades close to its net asset value over the course of the trading day.
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 your financial advisor has over-concentrated your assets in any sector, particularly one as new and volatile as solar ETFs and you suffered substantial losses, you may have a claim to recover your losses through FINRA arbitration.
For a free consultation, please call The White Law Group’s Chicago office 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 Vero Beach, Florida.
For more information on The White Law Group, visit https://whitesecuritieslaw.com.