Investor Alert: Clearbridge Energy MLP Fund
The White Law Group is investigating the liability that brokerage firms may have for recommending high risk mutual funds that invest primarily in MLPs such as Clearbridge Energy MLP Fund.
Clearbridge Energy MLP Fund, Inc. operates as a mutual fund, closed-end investment trust. It seeks to provide a high level of total return on cash distributions. It invests in master limited partnerships in the energy sector. The company was founded on March 31, 2010 and is headquartered in New York, NY.
As of November 30, 2017, the Fund’s net assets were $973.5 million, and its net asset value per share was $13.86.
MLPs are Complex & Risky
The White Law Group is investigating the liability that brokerage firms may have for recommending high risk mutual funds that invest primarily in MLPs.
Master Limited Partnerships (MLP) are extremely complex and risky, making them better suited for institutional investors or wealthy and sophisticated retail investors.
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, can be unsuitable for many investors.
If your financial advisor over-concentrated your portfolio in the Clearbridge Energy MLP Fund, you may have a viable claim to recover your losses through FINRA arbitration.
FINRA operates the largest securities dispute resolution forum in the United States, and has extensive experience in providing a fair, efficient and effective venue to handle a securities-related dispute.
If you suffered losses investing in Clearbridge Energy MLP Fund and would like to discuss your recovery 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.