Eagle Point Credit Co. (ECC) Investigation
Have you suffered losses investing in Eagle Point Credit Co.? If so, the securities attorneys at The White Law Group may be able to help you recover your losses through FINRA Arbitration.
Eagle Point Credit Company Inc. reportedly operates as a closed-end management investment company. The Company’s investment objective is to generate high current income with a secondary objective of generating capital appreciation. ECC reportedly invests in the equity and junior debt tranches of collateralized loan obligations.
Unfortunately for investors, securities markets have taken a huge hit amidst the Covid-19 global pandemic, and oil prices are at an all-time low. According to Market Watch today, the fund’s share price has declined -57.36% YTD.
MLP Funds are Complex Investments
The White Law Group is investigating the liability that brokerage firms may have for recommending high risk mutual funds that invest primarily in MLPs.
Master Limited Partnerships (MLPs) are extremely complex and risky, making them better suited for institutional investors or wealthy and sophisticated retail investors.
Aggressive financial advisors may have unsuitably recommended MLP funds in an effort to chase yield. Investors who buy solely on the basis of the dividend may experience losses as the dividend is cut and the stock price declines in response.
If your financial advisor over-concentrated your portfolio, you may have a viable claim to recover your losses. Financial advisors are required to make suitable investment recommendations, accounting for your age, income, net worth, investment experience, and investment objectives. Diversification is the key to reducing risk. As such, over-concentrated exposure to any sector or investment but particularly volatile industries like oil and gas, can be unsuitable for many investors.
If you suffered losses investing in Eagle Point Credit Co. (ECC), the White Law Group may be able to help you. Please call the offices at 888-637-5510 for a free consultation with a securities attorney.
The White Law Group is a national securities arbitration, securities fraud, and investor protection law firm with offices in Chicago, Illinois and Franklin, Tennessee. The firm represents investors throughout the country in FINRA arbitration claims against their brokerage firm.
For more information on The White Law Group, visit www.whitesecuritieslaw.com.