Direxion Daily FTSE China Bear 3X Investment Losses
Have you suffered losses investing in Direxion Daily FTSE China Bear 3X at the recommendation of your financial advisor? If so, the securities attorneys at The White Law Group may be able to help you recover your losses through FINRA Arbitration.
Direxion Daily FTSE China Bear 3X is a triple-leveraged fund that seeks daily investment results, before fees and expenses, of 300%, of the performance of the FTSE China 50 Index.
According to reports, Direxion Daily FTSE China Bear 3X is down 61.69% so far this year.
An exchange-traded fund (ETF) is an investment fund traded on stock exchanges, similar to stocks. An ETF holds assets such as stocks, commodities, or bonds, and trades close to its net asset value over the course of the trading day.
Many of these investments are packaged as a way for investors to avoid the volatility of the market or capture growth in a particular sector. In reality, these structured investments are just ways for the industry to increase revenues generated from the creation, sale, and management of these products.
Financial professionals and brokerage firms have a duty to recommend only investments that are appropriate for the client. Investments recommendations should be based on the client’s age, investment experience, net worth, and investment objectives.
If your financial advisor has over-concentrated your assets in any sector or investment, particularly one as volatile as the Direxion Daily FTSE China Bear 3X and you suffered substantial losses, you may have a claim to recover your losses through FINRA arbitration.
Please call The White Law Group’s Chicago office at 888-637-5510 for a free consultation.
The White Law Group, LLC is a national securities fraud, securities arbitration, investor protection, and securities regulation/compliance law firm with offices in Chicago, Illinois and Vero Beach, Florida.
For more information on The White Law Group, visit http://www.whitesecuritieslaw.com.