Investigation of MainStay Cushing MLP Premier Fund
Have you suffered losses investing in MainStay Cushing MLP Premier Fund? 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.
The MainStay Cushing MLP Premier Fund is an open-end fund incorporated in the USA. The Fund aims to produce current income and capital appreciation. The Fund invests in a portfolio of master limited partnerships (“MLPs”) investments, many of which have suffered catastrophic losses.
Master Limited Partnership’s (MLP) are extremely complex and risky, making them better suited for institutional investors or wealthy and sophisticated retail investors. It is for this reason that The White Law Group is investigating the liability that brokerage firms may have for recommending high risk MLPs such as MainStay Cushing MLP Premier Fund.
According to Bloomberg, the MainStay Cushing MLP Premier Fund is down over 38% in 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.
Recovery of Investment Losses
If you suffered losses investing MainStay Cushing MLP Premier Fund or another MLP and would like to discuss your litigation options, please call The White Law Group at 888-637-5510 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.