Morgan Stanley Cushing MLP High Income Index ETN (MLPY) Investigation

Recovery of Investment Losses in MLPY 

Have you suffered losses investing in Morgan Stanley Cushing MLP High Income Index ETN (MLPY)? 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 Morgan Stanley Cushing MLP High Income Index ETN is an exchange-traded note issued by Morgan Stanley.  The ETN due 3/21/2031 are senior, unsecured debt securities issued by Morgan Stanley and is part of the Series F, Global Medium-Term Notes program.  The Notes are based on the performance of the underlying index, the Cushing MLP High Income Index.

The Cushing MLP High Income Index is a criteria-weighted index tracking the performance of 30 Master Limited Partnerships (MLPs) that hold energy infrastructure and related shipping assets in North America.  An MLP is a limited partnership which trades publicly on an exchange and thus, provides not only the tax benefits of a limited partnership, but also the liquidity of publicly traded securities.  Examples of energy MLPs include Legacy Reserves LP, Hi-Crush Partners LP, Foresight Energy LP, Emerge Energy LP, and Enable Midstream Partners.

The COVID-19 global pandemic has caused securities markets to tank. Unfortunately for investors, MLPY is reportedly down -64.71% 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 MLPY to investors.

Morgan Stanley 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, 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  Morgan Stanley Cushing MLP High Income Index ETN (MLPY), the White Law Group may be able to help you. For a free consultation with a securities attorney, please call the offices 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.