Canoe Energy Class Securities Investigation
Have you suffered losses investing in Canoe Energy Class? If so, the securities attorneys of The White Law Group may be able to help you by filing a FINRA Dispute Resolution claim against the brokerage firm that sold you the investment.
According to reports, energy funds suffered heavy market falls last week as equity markets around the world plummeted and investors worried about the ongoing coronavirus outbreak and an oil price war between Saudi Arabia and Russia.
The Canoe Energy Class fund reportedly seeks to achieve long-term capital growth through investments in securities related to the energy sector. The Fund invests primarily in companies that are involved in the exploration and development and production of oil and natural gas in Canada, according to Bloomberg.
Unfortunately for investors, Canoe Energy Class fund has a -65.75% return YTD, according to Bloomberg.
Recovery of Investment Losses
The White Law Group is investigating the liability that brokerage firms may have for recommending high energy investments such as Canoe Energy Class to its clients.
Aggressive financial advisors may have unsuitably recommended energy 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 Canoe Energy Class, The White Law Group may be able to help. Please call 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.