KlaymanToskes, https://klamantoskes.wpengine.com, continues its investigation on behalf of investors who sustained losses from the purchase of Goldman Sachs MLP and Energy Renaissance (NYSE:GER) (“GER”), a Master Limited Partnership (“MLP”). This investment may have been marketed and sold to customers who were risk averse, such as retirees or other conservative investors, that were seeking income and capital preservation and were not explained the potential risks.
MLPs are investment vehicles available only to the real estate and natural resource sectors. Unfortunately, MLPs may become risky during times when those sectors are hit hard. Real estate and natural resources, especially the energy sector, including oil and gas, can see significant swings often causing investors to shoulder the losses. These risks should be explained by brokerage firms and financial advisors prior to recommending these investments. Investors may seek damages for violations of sales practice rules and regulations, as set forth by the Financial Industry Regulatory Authority (FINRA) in arbitration.
If you made self-directed trades in your investment account with E-Trade, TD Ameritrade, Charles Schwab, Fidelity, or Interactive Brokers, or another self-trading platform that was not being managed by a registered investment advisor, this investigation does not apply to you.
The sole purpose of this release is to investigate the sales practices and financial misconduct of brokerage firms and financial advisors in connection with the sale of GER to their customers. Investors who purchased these investments are encouraged to contact Lawrence L. Klayman, Esq. of KlaymanToskes at (561) 542-5131, and download our Special Investor Report.