Investment Losses in United States Oil Fund LP
Have you suffered losses investing in United States Oil Fund LP? 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.
The United States Oil Fund® LP (USO) is an exchange-traded security designed to track the daily price movements of West Texas Intermediate (“WTI”) light, sweet crude oil. USO issues shares that may be purchased and sold on the NYSE Arca, according to their website.
According to Investment News, United States Oil (USO) has fallen an average 21.5% a year the past five years. The fund’s estimated net flow: $2.9 billion. While the fund gained 6.6% last year, the plunge in oil prices fell 46% in 2015 and 42.4% in 2014.
Commodity ETFs can be 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.
The White Law Group continues to investigate whether some brokerage firms may have improperly recommended commodity ETFs like United States Oil Fund LP to clients. If you suffered losses investing in United States Oil Fund LP and would like a free consultation with a securities attorney, please call The White Law Group at 888-637-5510.
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 our website www.whitesecuritieslaw.com.