Have you suffered losses investing in ProShares Ultra Bloomberg Crude Oil? If so, the securities attorneys of The White Law Group may be able to help you recover your losses in a FINRA arbitration claim against the brokerage firm that recommended the investment.
ProShares Ultra Bloomberg Crude Oil is an exchange-traded fund. The investment seeks to provide daily investment results (before fees and expenses) that correspond to twice the daily performance of the Dow Jones—UBS Crude Oil Sub-Index. ProShares Ultra Bloomberg Crude Oil has lost 73.54% over the trailing 6-month period and 65.82% over the trailing 3-month period.
Structured products that invest in derivative instruments, including swap agreements, futures contracts, and options on futures contracts or forward contracts are extremely complex and risky. They are only suitable for wealthy, sophisticated retail investors or institutional investors.
Brokerage firms that sell such products are required to perform adequate due diligence on the investments to ensure a reasonable likelihood of success, and to evaluate whether the investments are suitable in light of the client’s age, net worth, investment experience, and investment objectives. Firms that fail to perform adequate due diligence, or that make unsuitable recommendations, can be held responsible for losses in a FINRA arbitration claim.
If you suffered losses investing in ProShares Ultra Bloomberg Crude Oil and would like a free consultation with a securities attorney, please call The White Law Group at 312/238-9650.
The White Law Group is a national securities arbitration, securities fraud, and investor protection law firm with offices in Chicago, Illinois and Vero Beach, Florida.
For more information on The White Law Group, visit https://www.whitesecuritieslaw.com.