Have you suffered losses investing in Powershares Gold Double Long ETF ? 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.
An ETF, or exchange traded fund, is an investment fund that tracks the an index, a commodity, bonds, or a basket of assets like an index fund. ETFs are traded on the stockmarket and experience price changes throughout the day.
While ETFs are often sold as conservative ways to track the market, or a particular sector of the market, this is an over-simplification of the complicated trading strategies necessary to accomplish this. Certain ETFs can be extremely complex and risky and are better suited 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 Powershares Gold Double Long ETF 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 www.whitesecuritieslaw.com.