Investigating Potential Claims involving Direxion Daily Semiconductor Bear 3X
Are you concerned about investment losses in Direxion Daily Semiconductor Bear 3X at the recommendation of your financial advisor? If so, the securities attorneys at The White Law Group may be able to help you recover your losses by filing a FINRA Arbitration claim against the brokerage firm that sold you the investment.
Direxion Daily Semiconductor Bear 3X is a triple-leveraged fund that seeks daily investment results, before fees and expenses, of 300%, of the performance of the PHLX Semiconductor Sector Index.
According to reports, Direxion Daily Semiconductor Bear 3X is down 66.29% so far this year.
Direxion Daily Semiconductor Bear 3X is an exchange-traded fund (ETF). The fund is traded on stock exchanges, similar to stocks. An ETF holds assets such as stocks, commodities, or bonds, and trades close to its net asset value over the course of the trading day.
Many of these investments are packaged as a way for investors to avoid the volatility of the market or capture growth in a particular sector. In reality, these structured investments are just ways for the industry to increase revenues generated from the creation, sale, and management of these products.
Recover your Losses
The White Law Group is investigating the liability that brokerage firms may have for recommending Direxion Daily Semiconductor Bear 3X to investors.
Financial professionals and brokerage firms have a duty to recommend only investments that are appropriate for the client. Investments recommendations should be based on the client’s age, investment experience, net worth, and investment objectives.
Your financial advisor should not over-concentrate your assets in any sector or investment, particularly one as volatile as the Direxion Daily Semiconductor Bear 3X. If you have suffered substantial losses, the securities attorneys at The White Law Group may be able to help you recover your losses.
Please call The White Law Group at 888-637-5510 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 Vero Beach, Florida.
For more information on The White Law Group, visit https://www.whitesecuritieslaw.com.