ETFMG Alternative Harvest ETF (MG) – Investment Losses
Have you suffered losses investing in ETFMG Alternative Harvest ETF (MG)? If so, The White Law Group may be able to help you recovery your losses by filing a FINRA Dispute Resolution claim against the brokerage firm that sold you the investment.
According to US News, ETFMG Alternative Harvest ETF provides an investment option for those looking to invest in companies related to the marijuana industry. It is the first such U.S. ETF. MJ is currently not included in any of Morningstar’s standard investment categories and currently resides in the miscellaneous sector group.
Unfortunately for investors, ETFMG Alternative Harvest ETF (MG) is down -47% over the last year. No surprise it was one of the worst performing funds in 2019, according to Financial Planning.
Investing in Exchange-traded Funds (ETFs)
The White Law Group is investigating the liability that brokerage firms may have for recommending complex and risky ETFs like MG to investors.
An exchange-traded fund (ETF) is an investment fund traded on stock exchanges, much like 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.
Brokerage firms and financial professionals are required to recommend only investments that are appropriate for the client based on the client’s age, investment experience, net worth, and investment objectives.
If your financial advisor has over-concentrated your assets in any investment, particularly one as volatile as the ETFMG Alternative Harvest ETF (MG) and you suffered substantial losses, you may have a claim to recover your losses through FINRA arbitration.
For a free consultation, please call The White Law Group’s Chicago office at 888-637-5510.
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 Franklin, Tennessee.
For more information on The White Law Group, visit https://www.whitesecuritieslaw.com.