VelocityShares 1X Long VSTOXX Futures ETN (EVIX) Investment Losses
Concerned about your investment losses in VelocityShares 1X Long VSTOXX Futures ETN (EVIX)?
Have you suffered losses investing in VelocityShares 1X Long VSTOXX Futures ETN (EVIX)? 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 on March 20, UBS Financial shut down three ETNs, VelocityShares 1X Daily Inverse VSTOXX Futures ETN (EXIV) as well as ProShares Daily 3x Long Crude ETN (WTIU), and VelocityShares 1X Long STOXX Futures ETN (EVIX).
The call settlement date for the three ETNs is reportedly April 9, 2020.
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 VelocityShares 1X Long VSTOXX Futures ETN 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 EVIX, your brokerage firm may be held responsible for any losses incurred.
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 VelocityShares 1X Long VSTOXX Futures ETN (EVIX).
If you lost money investing in the VelocityShares 1X Long VSTOXX Futures ETN 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.