Have you suffered losses investing in Joy Global? 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.
The metals and mining sectors, including Joy Global , have been taking a beating over the last year or so. This is in large part due to decreased demand in China. China’s explosive growth and demand fueled a decade-long commodities “super cycle.” Now that China is cooling off, it’s wreaking havoc on the metals and mining industry.
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 Joy Global and would like to discuss your litigation options, please call the securities arbitration attorneys of The White Law Group at 312/238-9650 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 Franklin, Tennessee. For more information on the firm and its representation of investors in FINRA arbitration claims, visit https://www.whitesecuritieslaw.com.