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Written by 3:25 pm Blog, Current Investigations

Securities Investigation: Nuveen California Quality Municipal Income Fund (NAC) 

Securities Investigation: Nuveen California Quality Municipal Income Fund (NAC) featured by top securities fraud attorneys, the White Law Group

Nuveen California Quality Municipal Income Fund (NAC) – Recovery of Investment Losses  

The White Law Group is investigating potential securities claims involving broker dealers who may have improperly recommended Nuveen California Quality Municipal Income Fund (NAC) to investors.  

According to its prospectus, Nuveen California Quality Municipal Income Fund is a closed ended fixed income mutual fund launched by Nuveen Investments, Inc. The fund invests in the fixed income markets of California, United States through undervalued municipal securities and other related investments that are exempt from regular federal and California income taxes.  

The fund was formerly known as Nuveen California Dividend Advantage Municipal Fund.  

Closed end funds are similar to exchange traded funds (ETFs), as they trade throughout the day on the stock exchange. They also tend to be more volatile and less liquid than open ended funds. 

Unfortunately for investors, the NAC is currently down more than –25% YTD  

Filing a Complaint against your Brokerage firm      

Your financial advisor or broker may have recommended chasing yield due to rising interest rates. But these assets come with higher risks.  

Brokerage firms and investment advisors are required to make investment recommendations that are suitable for their clients in light of their clients’ particular investment situation – net worth, investment objectives, income, and investment experience. Brokerage firms or advisors who fail to adequately disclose the risks of the investments can be held accountable for losses suffered through a FINRA arbitration claim.  

If you have concerns regarding your investment in Nuveen California Quality Municipal Income Fund (NAC) and would like to speak with a securities attorney about your litigation options, please call The White Law Group at (888) 637-5510 for a free consultation.  

The White Law Group, LLC is a national securities fraud, securities arbitration and investor protection law firm with offices in Chicago, Illinois and Seattle, Washington.  

To learn more about The White Law Group visit www.whitesecuritieslaw.com 

  

 

Tags: , , , , , , , , Last modified: May 20, 2022