Phoenix Autocallable Notes – (XOP)
Concerned about your investment in XOP?
Have you suffered losses investing in SPDR S&P Oil & Gas Exploration & Production ETF (XOP)? If so, The White Law Group may be able to help you recover your losses by filing a FINRA arbitration claim against the brokerage firm that sold you the investment.
SPDR S&P Oil & Gas Exploration & Production ETF is an exchange-traded fund that seeks to replicate as closely as possible the S&P Oil & Gas Exploration & Production Select Industry Index, an equal-weighted index.
The COVID-19 global pandemic has caused securities markets to tank. Unfortunately for investors, XOP is reportedly down -65.29% in the past 3 months. Various banks are calling mandatory redemptions of certain ETNs and have frozen the trading of others, causing investors huge losses.
Recovery of Investment Losses
The White Law Group continues to investigate the liability that brokerage firms may have for recommending complex and risky ETFs like XOP to investors.
ETFs and ETNs are complex, high risk senior, unsecured, unsubordinated debt securities that are designed to track the total return of a specific market index. Due to their risk and complexity, ETFs and ETNs are not appropriate for conservative investors or seniors seeking to preserve their capital.
Financial professionals and brokerage firms 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 you have suffered losses investing in Phoenix Autocallable Notes (XOP), you may be able to recover your losses through FINRA arbitration. For a free consultation with a securities attorney, please call the White Law Group 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.