Concerned about your investment losses in ProShares UltraPro 3X Crude Oil ETF?
Have you suffered losses investing in ProShares UltraPro 3X Crude Oil ETF? If so, the securities attorneys of The White Law Group may be able to help you recover those losses from the brokerage firm that recommended the investment.
According to reports, ProShares UltraPro 3X Crude Oil ETF, or OILU, recently saw trading surge to an all-time high. However, the fund reportedly tumbled 70 per cent to a record low, extending its 2020 plunge to 91 per cent.
While leveraged and inverse ETFs can help traders exploit extremely short-term market movements, they definitely are unsuitable for the vast majority of investors. Typically, their holding periods should be very short.
Aggressive financial advisors may have unsuitably recommended ETFs in an effort to juice returns. Financial advisors, though, are required to recommend only those investments that are suitable for an investor in light of that investor’s age, net worth, income, investment experience, and investment objectives. So, if a financial advisor recommended the ETF unsuitably, their brokerage firm may be held responsible for any losses incurred.
Also, diversification is the key to reducing risk. Over-concentrated exposure to any sector or investment, but particularly volatile industries like oil and gas (and especially a product that seeks to leverage that risk 3x) is unsuitable for most investors.
Recovery of Investment Losses
The White Law Group is investigating the liability that brokerage firms may have for making unsuitable recommendations of ProShares UltraPro 3X Crude Oil ETF.
If you lost money investing in the ProShares UltraPro 3X Crude Oil ETF please call the securities arbitration attorneys of 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 Franklin, Tennessee. For more information on the firm and its representation of investors in FINRA arbitration claims, visit https://www.whitesecuritieslaw.com.