April 1, 2020 Comments Off on DLBR VelocityShares ETN Investment Losses Blog, Current Investigations

DLBR VelocityShares ETN Investment Losses

DLBR VelocityShares ETN Investment Losses, featured by Top Securities Fraud Attorneys, The White Law Group

VelocityShares® Short LIBOR ETN (DLBR) Fund Closure

Concerned about your investment losses in VelocityShares® Short LIBOR ETN (DLBR)?

Have you suffered losses investing in VelocityShares® Short LIBOR ETN (DLBR)?  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 today, Citigroup announced a shutdown of two ETNs, VelocityShares® Short LIBOR ETN (DLBR) and VelocityShares® LongLIBOR ETN (ULBR).

Holders of the ETNs will receive a cash payment per ETN in an amount equal to the closing indicative value of the respective series of ETNs on the final valuation date of the Optional Acceleration Valuation Period. The Optional Acceleration Valuation Period will be the period of five consecutive index business days beginning on April 7, 2020 and expected to end on April 14, 2020. Final Day of trading for these funds is expected to be April 16, 2020.

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 VelocityShares® ETNs 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 your financial advisor unsuitably recommended DLBR, your brokerage firm may be held responsible for any losses incurred.

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 VelocityShares® Short LIBOR ETN (DLBR).

If you lost money investing in the VelocityShares® Short LIBOR ETN 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.

 

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