iPath® Series B Bloomberg Natural Gas Subindex Total Return ETN Investigation
Concerned about your investment in GAZ?
Have you suffered losses investing in iPath® Series B Bloomberg Natural Gas Subindex Total Return ETN (GAZ)? 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 iPath® Series B Bloomberg Natural Gas Subindex Total Return ETNs are designed to provide exposure to the Bloomberg Natural Gas Subindex Total Return Index.
According to the prospectus, the ETNs, issued by Barclays Bank, “are riskier than ordinary unsecured debt securities and have no principal protection. An investment in the ETNs involves significant risks, including possible loss of principal, and may not be suitable for all investors.”
The Index currently consists of the contract in the Bloomberg Commodity Index Total Return that relates to a single commodity, natural gas (currently the Henry Hub Natural Gas futures contract traded on the New York Mercantile Exchange (NYMEX)).
The COVID-19 global pandemic has caused securities markets to tank. Unfortunately for investors, GAZ is reportedly down -54.66% in the past 12 months. Various banks are calling mandatory redemptions of certain ETNs and have frozen the trading of others, causing investors huge losses.
Concerned about investment losses?
The White Law Group continues to investigate the liability that brokerage firms may have for recommending complex and risky ETNs like GAZ to investors.
iPath 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, iPath 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 iPath® Series B Bloomberg Natural Gas Subindex Total Return ETN (GAZ), 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.