Barclays Announces Delisting of iPath US Treasury 10-year Bear ETNs
Recovery of Investment Losses in DTYS
Have you suffered losses investing in iPath® Series B US Treasury 10-year Bear ETN (DTYS)? 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.
According to reports, Barclays Bank PLC announced that before market open on March 10, 2020, CBOE will suspend trading in the iPath® US Treasury 10-year Bear ETNs (Ticker: DTYS) and would commence delisting proceedings in the ETNs.
The listing rules of CBOE provide that ETNs may be subject to suspension or delisting if certain conditions exist that in the opinion of CBOE makes further dealings on CBOE inadvisable.
The index underlying the ETNs is the Barclays 10-year US Treasury Futures Targeted Exposure Index™ , with Bloomberg ticker BXIITETY.
CBOE’s basis for effecting the suspension of trading and the commencement of delisting proceedings is due to recent declines in the aggregate principal amount of the ETNs below the $400,000 minimum required by CBOE, including the decline to $0 on March 9, 2020, and due to significant trading premiums relative to the intraday indicative note value between March 3, 2020 and March 9, 2020, following a suspension of the ETN issuances on March 2, 2020.
Recovery of Investment Losses
The White Law Group continues to investigate the liability that brokerage firms may have for recommending complex and risky ETNs like DTYS to investors.
iPath ETNs are complex, high risk senior, unsecured, unsubordinated debt securities that are designed to track the total return of a specific market index. Due to their risk and complexity, iPath ETNs are not appropriate for conservative investors or seniors seeking to preserve their capital.
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 iPath® Series B US Treasury 10-year Bear ETN (DTYS), the White Law Group may be able to help you. For a free consultation with a securities attorney, please call the offices 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://www.whitesecuritieslaw.com.
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