January 22, 2015 Comments (0) Blog, Securities Fraud

Recovery of First Trust New Opportunities MLP & Energy Fund FPL Losses

(Last Updated On: July 17, 2015)

Have you suffered losses investing in First Trust New Opportunities MLP & Energy Fund FPL?  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 New Opportunities MLP & Energy Fund FPL is a non-diversified, closed-end management investment company.  The Fund’s investment objective is to seek a high level of total return with an emphasis on current distributions paid to common shareholders.  The Fund seeks to provide its shareholders with a vehicle to invest in a portfolio of cash-generating securities, with a focus on investing in publicly traded master limited partnerships and MLP-related entities in the energy sector and energy utilities industries.  First Trust New Opportunities MLP & Energy Fund FPL ended 2014 down approximately 7.02% since inception.

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 New Opportunities MLP & Energy Fund FPL 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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