Recovery of Investment Losses in Salient MLP Fund
Have you suffered losses investing in Salient MLP Fund (SAMCX)? If so, the attorneys at The White Law Group may be able to help you recover your losses through FINRA Arbitration.
The Salient MLP Fund (the “Fund”) seeks to provide a high level of total return and emphasizes making quarterly cash distributions to shareholders. Its strategy entails investing at least 80 percent of its net assets in equity securities of MLPs. The Fund may also invest in securities of other energy companies and securities issued by open and closed-end investment companies, including money market funds, actively managed and index exchange traded funds and exchange traded notes, U.S. government securities, debt securities, cash and/or other cash equivalents, according to press announcement.
MLPs are Complex & Risky
Master Limited Partnerships (MLP) are extremely complex and risky, making them better suited for institutional investors or wealthy and sophisticated retail investors. The White Law Group is investigating the liability that brokerage firms may have for recommending high risk mutual funds that invest primarily in MLPs.
If your financial advisor over-concentrated your portfolio in the Salient MLP Fund, 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 Salient MLP Fund 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 Vero Beach, Florida. 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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