Did your financial advisor bet big on the Global X Uranium ETF? If so, the securities attorneys of The White Law Group may be able to help.
The aftershocks of the tsunami that ravaged Japan earlier this year were felt in the portfolios of investors with exposure to the global nuclear power industry. This fund, which focuses on this area, is reportedly down a staggering 60%.
Financial professionals and brokerage firms have a duty to recommend only investments that are appropriate for the client in light of the client’s age, investment experience, net worth, and investment objectives.
While ETFs and ETNs are often sold as conservative ways to track the market, or a particular sector of the market, this is an over-simplification of the complicated trading strategies necessary to accomplish this. Additionally, tracking a particular sector of the market is not necessarily a conservative trading strategy (depending on the concentration level of the investment relative to the other assets in your account and the particular sector).
If your financial advisor bet big on an ETF or ETN like the Global X Uranium ETF and you suffered substantial losses, you may have a claim to recover your losses through FINRA arbitration.
FINRA is the regulatory body governing the securities industry. It has a dispute resolution forum specifically designed for disputes between investors and brokerage firms.
If you believe that your financial professional took an unnecessarily risky position in an ETF or ETN, the securities attorneys of The White Law Group may be able to help.
For a free consultation, please call The White Law Group’s Chicago office at 312/238-9650.
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 Boca Raton, Florida.
For more information on The White Law Group, visit https://whitesecuritieslaw.com.Tags: Chicago securities attorney, Chicago securities lawyer, ETF fraud attorney, ETF fraud law firm, ETF fraud lawyer, ETN fraud attorney, ETN fraud law firm, ETN fraud lawyer, FINRA arbitration attorney, FINRA arbitration lawyer, Global X Uranium ETF class action, Global X Uranium ETF investigation, Global X Uranium ETF latest, Global X Uranium ETF lawsuit, Global X Uranium ETF losses, recovery of Global X Uranium ETF losses Last modified: July 17, 2015