UBS ETRACS 2xLeveraged Long Wells Fargo Business Development Company Index ETN (BDCL) Investment Losses
Concerned about your investment in BDCL?
Have you suffered losses investing in UBS ETRACS 2xLeveraged Long Wells Fargo Business Development Company Index ETN (BDCL)? 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.
The ETRACS 2xLeveraged Long Wells Fargo Business Development Company Index is designed to track a leveraged investment in the Wells Fargo Business Development Company Index, and pay a variable quarterly coupon linked to the leveraged cash distributions associated with the underlying Business Development Company (“BDC”) constituents, less financing costs and investor fees.
COVID-19 global pandemic has caused devastating losses to securities markets. Unfortunately for investors, BDCL is reportedly down -79.78% in the past 3 months. UBS has reportedly called mandatory redemptions of certain ETRACS and has frozen the trading of other ETRACS causing investors huge losses.
ETNs are High Risk Investments
The White Law Group continues to investigate the liability that brokerage firms may have for unsuitably recommending complex and risky ETNs like BDCL to investors.
ETRACS 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, ETRACS 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 UBS ETRACS 2xLeveraged Long Wells Fargo Business Development Company Index ETN (BDCL), 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.