Recovery of Investment Losses – VelocityShares Daily Inverse VIX Medium-Term ETNs
Are you concerned about investment losses in VelocityShares Daily Inverse VIX Medium-Term ETNs? If so, the securities attorneys of The White Law Group may be able to help you recover your losses through FINRA Arbitration.
Trading in VelocityShares Daily Inverse VIX Medium-Term ETNs was halted on Tuesday, along with two other U.S. listed inverse VIX ETFs, after suffering severe losses on Monday.
According to NASDAQ, “Trading is halted pending the release of material news.” A short sell restriction was placed on them, according to Thomson Reuters data.
Reportedly the spike in the VIX gauge of U.S. stocks volatility (.VIX) sent the VelocityShares Daily Inverse VIX Short-Term ETN down 84 percent in after-hours trading. ProShares Short VIX ETF fell nearly 79 percent.
VelocityShares Daily Inverse VIX Medium-Term ETNs are issued by Credit Suisse AG.
Exchange Traded Notes – Suitable for you?
The White Law Group is investigating the liability that brokerage firms may have for recommending high risk ETNs like VelocityShares Daily Inverse VIX Medium-Term ETNs.
An exchange-traded note (ETN) is a senior, unsecured, unsubordinated debt security issued by an underwriting bank. Similar to other debt securities, ETNs have a maturity date and are backed only by the credit of the issuer. ETNs are designed to provide investors access to the returns of various market benchmarks.
VelocityShares Daily Inverse VIX Medium-Term ETNs offers leveraged exposure to VIX contracts; Each ETN is linked to the S&P 500 Mid-Term Futures Index.
These ETNs may not be suitable for investors who plan to hold them for a period other than one day, according to their website. They are riskier than securities that have intermediate- or long-term investment objectives.
If you suffered losses investing in VelocityShares Daily Inverse VIX Medium-Term ETNs, the securities attorneys of The White Law Group may be able to help. For a free consultation, please call the firm at 888-637-5510.
The White Law Group is a national securities fraud, securities arbitration, and investor protection law firm with offices in Chicago, Illinois and Vero Beach, Florida. The firm exclusively represents investors in FINRA arbitration claims against their brokerage firm or financial professional.
For more information on The White Law Group, visit https://www.whitesecuritieslaw.com.