Barclays Bank PLC iPath Series B S&P GSCI Crude Oil Investment Losses
iPath® Series B S&P GSCI® Crude Oil Total Return Index ETN (OIL) Investigation
Recovery of Investment Losses in OIL
Have you suffered losses investing in iPath® Series B S&P GSCI® Crude Oil Total Return Index ETN (OIL)? 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 S&P GSCI® Crude Oil Total Return Index ETNs are designed to provide exposure to the S&P GSCI® Crude Oil 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 is a sub-index of the S&P GSCI® Commodity Index and reflects the returns that are potentially available through an unleveraged investment in the West Texas Intermediate (WTI) crude oil futures contract.
The COVID-19 global pandemic has caused securities markets to tank. Unfortunately for investors, OIL is reportedly down -59.30% in the past 3 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 OIL 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 S&P GSCI® Crude Oil Total Return Index ETN (OIL), 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.