Have you suffered losses investing in VelocityShares 3x Long Crude Oil 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.
VelocityShares Daily 3x Long Crude ETN is an exchange-traded note issued in the USA by Credit Suisse AG (Nassau Branch). The Note will provide investors with a cash payment at the scheduled maturity or early redemption based on the performance of the underlying index, S&P GSCI Crude Oil Index ER.
VelocityShares Daily 3x Long Crude ETN is a short term investment and should be traded as such. Unfortunately, though, some advisors that recommended the VelocityShares Daily 3x Long Crude ETN fund failed to understand its short term nature and recommended that investors buy and hold the fund. According to Bloomberg, the VelocityShares Daily 3x Long Crude ETN is down more than 90% in the last year.
The White Law Group is investigating the liability brokerage firms may have for improperly recommending the VelocityShares Daily 3x Long Crude ETN. 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 VelocityShares Daily 3x Long Crude ETN 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.