Have you suffered losses investing in Gabelli Gold Fund? If so, the securities attorney of The White Law Group may be able to help you recover your losses through a FINRA arbitration claim against the brokerage firm that recommended the investment.
According to Bloomberg, Gabelli Gold Fund Inc. is an open-end fund incorporated in the USA. The Fund’s objective is long-term appreciation of capital. The Fund invests at least 80% of its net assets in equity securities of foreign and domestic issuers principally engaged in gold-related activities and gold bullion. The Fund focuses on stocks that are undervalued but have favorable prospects for growth. The fund, according to Bloomberg, is down over 25% in the last year.
Precious metal funds, like the Gabelli Gold Fund, are high risk investments because their performance is directly tied to the price of one or more commodities and those prices can swing dramatically depending on the world economy and demand for the commodity.
Precious metal and gold mutual funds can oftentimes be found when researching specialty offerings. When done appropriately (i.e. in small amounts), investments in precious metals offer additional diversification to go along with a balanced portfolio. However, such investments can be inherently risky if an investor over-concentrates their portfolio in such products.
Brokerage firms are required to perform adequate due diligence on any investment they recommend and to ensure that all recommendations made are suitable in light of the client’s age, investment experience, net worth, income, and investment objectives.
If a brokerage firm fails to perform adequate due diligence or makes an unsuitable investment recommendation, the firm can be held responsible for the losses in a FINRA arbitration claim.
If you suffered losses in Gabelli Gold Fund and would like to discuss your litigation options, please call the securities attorneys of The White Law Group at 312/238-9650 for a free consultation.
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. The firm represents investors in FINRA arbitration claims throughout the country. For more information on the firm, visit https://whitesecuritieslaw.com.Tags: Gabelli Gold Fund attorney, Gabelli Gold Fund class action, Gabelli Gold Fund current value, Gabelli Gold Fund derivative suit, Gabelli Gold Fund investigation, Gabelli Gold Fund law firm, Gabelli Gold Fund lawsuit, Gabelli Gold Fund lawyer, Gabelli Gold Fund litigation, Gabelli Gold Fund losses, Gabelli Gold Fund performance, Gabelli Gold Fund recovery options, Gabelli Gold Fund ticker symbol Last modified: January 14, 2016