Have you suffered losses investing in First Trust Energy Select, 53? 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.
First Trust Energy Select, 53 is a unit investment trust that seeks above average capital appreciation by investing in a concentrated portfolio of leading energy companies. First Trust Energy Select, 53 is down 13.3% since its initial offering on November 26, 2014.
Structured products are extremely complex and risky. They are only suitable for wealthy, sophisticated retail investors or institutional investors.
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 First Trust Energy Select, 53 and would like a free consultation with a securities attorney, please call The White Law Group at 312/238-9650.
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 https://www.whitesecuritieslaw.com.