Have you suffered losses as a result of an investment in Alpine Dynamic Dividend Fund? If so, the securities attorneys of The White Law group my be able to help.
The Alpine Dynamic Divided Fund, according to their website, “seeks high, tax-qualified current dividend income and total return by targeting under-valued divided-paying U.S. and non U.S. stocks with an active management process.”
On January 18th, 2013, the Fund announced a reduction in regular monthly distribution for the month of January. The estimated distribution for Institutional Class shares was $0.02 per share, and $.01 per Class A share.
For many investors, this is not the monthly income stream that their broker dealers led them to believe. Brokers have a fiduciary duty to their clients and must comply with FINRA regulations to accurately disclose all the risks of associated with any investment. In addition, broker dealers are required to make investment recommendations that are in line a clients age, risk tolerance, investment experience, and financial objectives. From what is known about the Alpine Funds, some broker dealers may have mislead investors regarding the high risk associated with these investments.
Broker dealers that breach their fiduciary duty to clients may be held liable for investment losses in a FINRA arbitration claim.
If you have suffered losses in the Alpine Dynamic Dividend Fund and would like to discuss your litigation options, please contact the attorneys of The White Law Group at 312-238-9650 for a free consultation.
The White Law Group is a national securities fraud, securities arbitration, and investor protection law firm with offices in Chicago, Illinois and Boca Raton, Florida.
For more information on The White Law Group, visit http://whitesecuritieslaw.com.