FLAG-Forensic Accounting Long-Short ETF (FLAG) Investment Losses
Concerned about your investment losses in FLAG-Forensic Accounting Long-Short ETF (FLAG)?
Have you suffered losses investing in FLAG-Forensic Accounting Long-Short ETF (FLAG)? 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 on Monday, Exchange Traded Concepts, LLC, the investment adviser to the FLAG-Forensic Accounting Long-Short ETF, approved the termination and liquidation of the Fund according to the terms of a Plan of Liquidation. Accordingly, the Funds are expected to cease operations and liquidate on or about April 14, 2020.
The fund, which corresponded to the price and yield performance of The Forensic Accounting Long-Short Index, was developed to offer the potential benefits of financial statement analysis to investors.
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 your financial advisor unsuitably recommended FLAG, 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 FLAG-Forensic Accounting Long-Short ETF (FLAG).
If you lost money investing in the FLAG-Forensic Accounting Long-Short 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.