Did your financial advisor bet big on the Market Vectors Solar Energy ETF? If so, the securities attorneys of The White Law Group may be able to help.
It wasn’t that long ago that analysts generally believed the solar power industry had a very bright future; now, it appears as if the sun is setting on this corner of the alternative energy market. Budget crises throughout Europe led to the reduction or elimination of badly-needed subsidies, and the technological advancements that were supposed to make the economics of solar power viable never really materialized. This fund, which focuses on this area, is reportedly down a staggering 67%.
Financial professionals and brokerage firms have a duty to recommend only investments that are appropriate for the client in light of the client’s age, investment experience, net worth, and investment objectives.
While ETFs and ETNs are often sold as conservative ways to track the market, or a particular sector of the market, this is an over-simplification of the complicated trading strategies necessary to accomplish this. Additionally, tracking a particular sector of the market is not necessarily a conservative trading strategy (depending on the concentration level of the investment relative to the other assets in your account and the particular sector).
If your financial advisor bet big on an ETF or ETN like the Market Vectors Solar Energy ETF and you suffered substantial losses, you may have a claim to recover your losses through FINRA arbitration.
FINRA is the regulatory body governing the securities industry. It has a dispute resolution forum specifically designed for disputes between investors and brokerage firms.
If you believe that your financial professional took an unnecessarily risky position in an ETF or ETN, the securities attorneys of The White Law Group may be able to help.
For a free consultation, please call The White Law Group’s Chicago office at 312/238-9650.
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 Boca Raton, Florida.
For more information on The White Law Group, visit http://www.whitesecuritieslaw.com.