Janus Henderson Obesity ETF (NASDAQ:SLIM) Liquidation
Recovery of investment losses in Janus Henderson Obesity ETF (Nasdaq SLIM)
Have you suffered losses investing in Janus Henderson Obesity ETF (Nasdaq SLIM)? 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.
Janus Henderson reportedly closed two funds, its Obesity ETF (SLIM) and Obesity ETF (SLIM), after launching them in 2016. The exchange traded funds (ETFs) had never gathered any significant assets, according to reports.
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 Nasdaq SLIM, your brokerage firm may be held responsible for any losses incurred.
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. Diversification is the key to reducing risk.
Free Consultation with a Securities Attorney
The White Law Group is investigating the liability that brokerage firms may have for making unsuitable recommendations of high risk ETNs and ETFs.
If you lost money investing the Janus Henderson Obesity ETF (Nasdaq SLIM) 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.