Have you suffered losses investing in Morgan Stanley Cushing MLP (otherwise known as the Morgan Stanley Cushing MLP High Income Index ETN)? 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.
According to Bloomberg, the Morgan Stanley Cushing MLP High Income Index ETN is an exchange-traded note issued by Morgan Stanley. The Notes are intended to provide investors with a cash payment at the scheduled maturity or early repurchase and variable coupon payments each quarter, in each case based on the performance of the underlying index, the Cushing MLP High Income Index. The index represents the public equity markets of North America. It comprises of master limited partnerships which are engaged in the energy sector. The index represents stocks of companies across all market capitalizations. The ETN will mature on March 21, 2031.
The Morgan Stanley Cushing MLP High Income Index ETN was formed on March 16, 2011 and is domiciled in the United States.
For more information on the offering, visit here.
The White Law Group is investigating the liability that brokerage firms may have for recommending high risk investments like the Morgan Stanley Cushing MLP to their clients. According to Bloomberg, the investment is down over 49% over the last year.
Brokerage firms are required to perform adequate due diligence on the investments they recommend 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 Morgan Stanley Cushing MLP or another MLP and would like to discuss your litigation options, please call The White Law Group at (312)238-9650 for a free consultation.
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. The firm represents investors throughout the country in FINRA arbitration claims against their brokerage firm.
For more information on The White Law Group, visit www.whitesecuritieslaw.com.