Have you suffered losses investing in Oppenheimer Steelpath MLP Alpha A? If so, The White Law Group may be able to help.
According to US News & World Report, Oppenheimer SteelPath MLP Alpha A seeks total return. Under normal circumstances, the fund invests at least 80% of its net assets (plus the amount of any borrowings for investment purposes) in the equity securities of master limited partnerships (“MLPs”). It principally invests in a concentrated portfolio of approximately 25 to 35 MLPs that primarily derive their revenue from businesses involved in the gathering, transporting, processing, treating, terminalling, storing, refining, distributing, mining or marketing of natural gas, natural gas liquids, crude oil, refined products or coal (“Midstream MLPs”). The fund is non-diversified.
Master Limited Partnership’s (MLP) are extremely complex and risky, making them better suited for institutional investors or wealthy and sophisticated retail investors. It is for this reason that The White Law Group is investigating the liability that brokerage firms may have for recommending high risk mutual funds that invest primarily in MLPs.
If your financial advisor over-concentrated your portfolio in the Oppenheimer SteelPath MLP Alpha A, 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 sector or investment (but particularly volatile industries like oil and gas which are so dependent on global demand and supply), can be unsuitable for many investors.
If you suffered losses investing in Oppenheimer SteelPath MLP Alpha A and would like to discuss your litigation options, please call The White Law Group at 888-637-5510 for a free consultation.
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. The firm represents investors throughout the country in FINRA arbitration claims against their brokerage firm.
For more information on The White Law Group, visit www.whitesecuritieslaw.com.