MainStay Cushing MLP Premier Fund Investment Losses
Have you suffered losses investing in MainStay Cushing MLP Premier Fund? If so, the securities attorneys of The White Law Group may be able to help you.
The MainStay Cushing MLP Premier Fund is an open-end fund incorporated in the USA. The Fund aims to produce current income and capital appreciation. The Fund invests in a portfolio of master limited partnerships (“MLPs”) investments, many of which have suffered catastrophic losses.
The fund has returned -20.96 percent over the past year, -5.28 percent over the past three years, and -0.24 percent over the past five years, according to US News & World Reports.
Master Limited Partnership’s (MLP) are extremely complex and risky, making them better suited for institutional investors or wealthy and sophisticated retail investors. It is for this reason that 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 MainStay Cushing MLP Premier 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 which are so dependent on global demand and supply), can be unsuitable for many investors.
The White Law Group is investigating the liability that brokerage firms may have for recommending high risk investments like the MainStay Cushing MLP Premier Fund to their clients.
Free Consultation
If you suffered losses investing MainStay Cushing MLP Premier Fund or another MLP 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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