Concerned about your investment losses in Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 3X Shares ETF?
Have you suffered losses investing in Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 3X Shares ETF? 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, Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 3X Shares ETF, or GUSH, recently sank 81 per cent, the most since it was launched in June 2015.
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 Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 3X Shares ETF 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 a financial advisor recommended an ETF unsuitably, their brokerage firm may be held responsible for any losses incurred.
Also, 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 ETFs such as this one.
If you lost money investing in the Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 3X Shares 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.