Have you suffered losses investing in Companhia Energetica Minas Gerais ? 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.
Companhia Energetica Minas Gerais (ADR) is one of the largest power companies in Brazil as it distributes 12% of the country’s power. However, that’s not its main draw for American investors. Instead, what catches investors’ attention is the company’s generous dividend yield, which at the moment is over 6%.
Unfortunately for investors, Companhia Energetica Minas Gerais has (according to Bloomberg) lost over 57% of its value in the last year. If an investor was seeking income this loss to principal is likely eye opening.
The White Law Group is investigating the liability that brokerage firms may have for recommending high risk investments like Companhia Energetica Minas Gerais.
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 Companhia Energetica Minas Gerais and would like a free consultation with a securities attorney, please call The White Law Group at 888-637-5510.
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.