Did your financial advisor bet big on the WilderHill Clean Energy Portfolio ? If so, the securities attorneys of The White Law Group may be able to help.
The track records of alternative energy ETFs anything but clean. Once assumed to be “can’t miss” investment opportunities that were poised to thrive as oil dependence was eliminated, alternative energy is yet to deliver the returns many had hoped for. This fund is reportedly down a staggering 52%.
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 WilderHill Clean Energy Portfolio 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, recovery of WilderHill Clean Energy Portfolio losses, WilderHill Clean Energy Portfolio class action, WilderHill Clean Energy Portfolio investigation, WilderHill Clean Energy Portfolio latest, WilderHill Clean Energy Portfolio lawsuit, WilderHill Clean Energy Portfolio losses Last modified: July 17, 2015