Have you suffered losses investing in the Market Vectors Russia Small-Cap ETF ? If so, the securities attorneys of The White Law Group may be able to help you recover your losses through a FINRA arbitration claim against the brokerage firm that recommended the investment.
The Market Vectors Russia Small-Cap ETF declined nearly 44% in 2014. The fund’s weak performance may be largely explained by the general weakness of the Russian economy in the last year. A decline in oil prices and international sanctions against the country are among the factors that have caused a deep plunge in the rouble. Other Russia-focused ETFs have struggled as well: the Market Vectors Russia ETF, SPDR S&P Russia ETF, and iShares MSCI Russia Capped ETF are all down by more than a third this year. Notwithstanding the risks of the Market Vectors Russia Small-Cap ETF, particularly in the current economic and political climate, some financial advisors may have downplayed these risks and recommended the investment to their clients unsuitably.
The White Law Group is investigating the liability that brokerage firm’s may have for recommending this risky investment. Brokerage firms are required to perform adequate due diligence on any investment they recommend and to adequately disclose the risks of any investment. Additionally, brokerage firms are required to ensure that all investment recommendations made are suitable in light of the client’s age, investment experience, investment objectives, net worth, and income.
If it can be demonstrated that a brokerage firm failed to perform adequate due diligence, to properly disclose the risks, or recommended an investment unsuitably, the firm may be held responsible for any resulting losses in a FINRA arbitration claim.
For a free consultation with a securities attorney, please call the securities attorneys of The White Law Group at 312/238-9650.
The White Law Group is a national securities fraud, securities arbitration, and investor protection law firm with offices in Chicago, Illinois and Vero Beach, Florida. The firm represents investors throughout the country in FINRA arbitration claims against their brokerage firm.
For more information on The White Law Group, visit http://www.whitesecuritieslaw.com.