ETRACS Monthly Pay 2xLeveraged Wells Fargo MLP Ex-Energy ETN Investment Losses
Did you invest in ETRACS Monthly Pay 2xLeveraged Wells Fargo MLP Ex-Energy ETN ? If so, the securities attorneys of The White Law Group may be able to help you recover your losses against the brokerage firm that recommended the investment.
The ETRACS Monthly Pay 2xLeveraged Wells Fargo MLP Ex-Energy ETN (NYSE: LMLP) (“LMLP” or the “ETN”) is an exchange-traded note linked to the monthly compounded 2x leveraged performance of Wells Fargo Master Limited Partnership Ex-Energy Index, less investor fees. LMLP has been approved for listing on the NYSE Arca exchange (subject to official notice of issuance) and pays a variable monthly coupon linked to the cash distributions, if any, on the Index constituents. According to Bloomberg, the investment is down over 49% in the last year.
The White Law Group is investigating the liability brokerage firms may have for recommending ETRACS Monthly Pay 2xLeveraged Wells Fargo MLP Ex-Energy ETN to their clients.
Brokerage firms are required to perform adequate due diligence on any investment they recommend and to ensure that all recommendations are suitable for the investor in light of that particular investor’s age, investment experience, net worth, risk tolerance, investment objectives, and income. Firms that fail to perform adequate due diligence or that make unsuitable recommendations can be held responsible for investment losses in a FINRA arbitration claim.
Recovery of Investment Losses
If you invested in the ETRACS Monthly Pay 2xLeveraged Wells Fargo MLP Ex-Energy ETN and would like to discuss your litigation options, please call the securities 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. The firm represents investors in FINRA arbitration claims throughout the country. For more information on the firm, visit https://www.whitesecuritieslaw.com.