January 21, 2015 Comments (0) Blog, Securities Fraud

Recovery of First Trust MLP Closed-End Fund and Energy 41 Losses

(Last Updated On: July 17, 2015)

Have you suffered losses investing in First Trust MLP Closed-End Fund and Energy 41?  If so, the securities attorneys of The White Law Group may be able to help you recover your losses in a FINRA arbitration claim against the brokerage firm that recommended the investment.

First Trust MLP Closed-End Fund and Energy 41 is a unit investment trust that seeks a high rate of current monthly income and the potential for growth of principal by investing approximately 50% of the trust’s assets in closed-0end funds that invest in mast limited partnerships from the energy infrastructure industry and approximately 50% of the trust’s assets in common stocks of energy companies and Canadian income and/or royalty trusts.  First Trust MLP Closed-End Fund and Energy 41 is down approximately 11.62% year-to-date.

Structured products are extremely complex and risky.  They are only suitable for wealthy, sophisticated retail investors or institutional investors.

Brokerage firms that sell such products are required to perform adequate due diligence on the investments to ensure a reasonable likelihood of success, and to evaluate whether the investments are suitable in light of the client’s age, net worth, investment experience, and investment objectives.  Firms that fail to perform adequate due diligence, or that make unsuitable recommendations, can be held responsible for losses in a FINRA arbitration claim.

If you suffered losses investing in First Trust MLP Closed-End Fund and Energy 41 and would like a free consultation with a securities attorney, please call The White Law Group at 312/238-9650.

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.

For more information on The White Law Group, visit http://www.whitesecuritieslaw.com.

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