Written by 8:36 am Blog, Securities Fraud Articles

Securities Investigation involving JP Morgan Russian Securities plc

The White Law Group is investigating potential claims involving JP Morgan Russian Securities plc product.

Specifically, The White Law Group is investigating the liability that brokerage firm’s may have for recommending this risky investment.  Brokerage firms are required to perform adequate due diligence on any investment they recommend and to adequately disclose the risks of any investment.  Additionally, brokerage firms are required to ensure that all investment recommendations made are suitable in light of the client’s age, investment experience, investment objectives, net worth, and income.

If it can be demonstrated that a brokerage firm failed to perform adequate due diligence, to properly disclose the risks, or recommended an investment unsuitably, the firm may be held responsible for any resulting losses in a FINRA arbitration claim.

JP Morgan Russian Securities plc is a United Kingdom registered investment trust.  The fund’s objective is to provide capital growth from investment in Russian securities. Unfortunately, with the political climate in Russia and the drop in oil prices, the fund has suffered disastrous losses.

The funds top 10 holdings as of January 31, 2015 are as follows:

1 LUKOIL OAO 12.50%
2 MAGNIT OJSC 9.90%
3 SURGUTNEFTEGAZ 8.60%
4 JSC MMC Norilsk Nickel ADR 8.10%
5 MOSCOW EXCHANGE MICEX OJSC 6.40%
6 Alrosa 6.30%
7 TATNEFTEPROM 4.10%
8 MEGAFON(OJSC) 3.50%
9 PHOSAGRO OJSC 3.30%
10 GAZPROM NEFT OJSC 3.10%

 

If you suffered losses investing in JP Morgan Russian Securities plc 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 throughout the country in FINRA arbitration claims against their brokerage firm.

For more information on The White Law Group, visit http://whitesecuritieslaw.com.

Tags: , , , , , , , , Last modified: July 17, 2015