Securities Investigation – VanEck Vectors Oil Services ETF (OIH)
Have you suffered losses investing in VanEck Vectors Oil Services ETF (OIH)? If so, the securities attorneys at The White Law Group may be able to help you recovery your losses by filing a FINRA arbitration claim against the brokerage firm that sold you the investment.
According to its website, VanEck Vectors® Oil Services ETF (OIH®) seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the MVIS® U.S. Listed Oil Services 25 Index (MVOIHTR), which is intended to track the overall performance of U.S.-listed companies involved in oil services to the upstream oil sector, which include oil equipment, oil services, or oil drilling.
Unfortunately for investors, VanEck Vectors Oil Services ETF (OIH) is down -21% 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 FINRA-registered brokerage firms may have for unsuitably recommending complex and risky ETFs like OIH 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.
Broker dealers have a duty 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 VanEck Vectors Oil Services ETF (OIH) and you suffered substantial losses, you may have a claim to recover your losses through FINRA arbitration.
For a free consultation with a securities attorney, please call The White Law Group’s offices 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.