Have you suffered losses investing in Proshares Ultra Bloomberg Crude Oil x2? 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.
ProShares Ultra Bloomberg Crude Oil is an exchange-traded fund incorporated in the USA. The Fund seeks daily investment results that correspond to twice (200%) the daily performance of its corresponding benchmark, the Bloomberg Crude Oil Sub-Index.
ProShares Ultra Bloomberg Crude Oil x2 is a short term investment and should be traded as such. Unfortunately, though, some advisors that recommended the ProShares Ultra Bloomberg Crude Oil fund failed to understand its short term nature and recommended that investors buy and hold the fund. According to Bloomberg, the ProShares Ultra Bloomberg Crude Oil fund is down more than 73% in the last year.
The White Law Group is investigating the liability brokerage firms may have for improperly recommending the ProShares Ultra Bloomberg Crude Oil fund. Brokerage firms are required to perform adequate due diligence on any investment they recommend and to ensure that all recommendations are suitable for the investor in light of that particular investor’s age, investment experience, net worth, risk tolerance, investment objectives, and income. Firms that fail to perform adequate due diligence or that make unsuitable recommendations can be held responsible for investment losses in a FINRA arbitration claim.
If you suffered losses in ProShares Ultra Bloomberg Crude Oil x2 fund and would like to discuss your litigation options, please call the securities attorneys of The White Law Group at 888-637-5510 for a free consultation.
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 in FINRA arbitration claims throughout the country. For more information on the firm, visit http://www.whitesecuritieslaw.com.