If you have lost money in the stock market due to fraud, misrepresentation, negligence, or for other reasons, we can help you. We have successfully recovered over $250 million in FINRA securities arbitrations.*
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The Securities Arbitration Law Firm of KlaymanToskes announced today that it is investigating claims on behalf of investors who sustained losses in exchange traded funds. (“EFTs”) An ETF is an investment fund traded on stock exchanges, much like stocks. An ETF holds assets such as stocks, commodities, or bonds, and trades close to its net asset value over the course of the trading day. Most ETFs track an index, such as a stock index or bond index. ETFs may be attractive as investments because of their low costs, tax efficiency, and stock-like features. ETFs are the most popular type of exchange-traded product.
However, ETFs are not without risks. The following ETFs suffered declines in 2012, resulting in substantial investor losses ranging from 22% to 90%:
1. C-Tracks ETN Citi Volatility Index Total Return (CVOL), Down 90%
2. Dow Jones-UBS Coffee ETN (JO), Down 43%
3. Gold Explorers ETF (GLDX), Down 32%
4. Market Vectors Solar Energy ETF (KWT), Down 31%
5. Pure Beta Softs ETN (GRWN), Down, 24%
6. DJ-UBS Natural Gas Subindex Total Return ETN (GAZ), Down 23%
7. Global Carbon ETN (GRN), Down 22%
8. Market Vectors Coal ETF (KOL), Down 21%
If you invested in any of these ETFs at the recommendation of a full-service broker, you may be able to recover your losses by filing an individual securities arbitration claim. Before recommending a securities product to a customer, including ETFs, brokers are required to conduct a proper suitability analysis, and disclose all of the risks associated with the product. Failure to do so can result in liability to the brokerage firm. In some cases, brokers may have over-concentrated their clients’ accounts in these products, which created even more losses for investors. For a free consultation, call KlaymanToskes, toll free, at 888-997-9956.