Have you suffered losses investing in FreePort McMoran? Did you purchase the investment at the recommendation of a financial advisor? If so, the securities attorneys of The White Law Group may be able to help you recover your losses through a FINRA arbitration claim against your brokerage firm or advisor.
Freeport-McMoRan Inc. (FCX) is a natural resources company with headquarters in Phoenix, Arizona. FCX operates large, long-lived, geographically diverse assets with significant proven and probable reserves of copper, gold, and molybdenum. FCX is the world’s largest publicly traded copper producer, the world’s largest producer of molybdenum, and a significant gold producer.
If your financial advisor over-concentrated your portfolio in the metals and mining sectors, you may have a viable claim to recover your losses. Financial advisors are required to make suitable investment recommendations, accounting for your age, income, net worth, investment experience, and investment objectives. Diversification is the key to reducing risk. As such, over-concentrated exposure to any exposure (but particularly volatile industries like metals and mining which are so dependent on global demand), can be unsuitable for many investors.
The White Law Group is investigating the liability that brokerage firms may have for making bad bets on the metals and mining sectors.
If you lost money investing in FreePort McMoran and would like to discuss your litigation options, please call the securities arbitration 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. For more information on the firm and its representation of investors in FINRA arbitration claims, visit https://www.whitesecuritieslaw.com.