Have you suffered losses investing in UBS ETRACS Wells Fargo® MLP Ex-Energy Exchange-Traded Notes? 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.
UBS ETRACS Exchange-Traded Notes (ETN) are senior, unsecured, unsubordinated debt securities issued by UBS AG. They are designed to track the total returns of various market benchmark indices, providing exposure to stocks, bonds, commodities, master limited partnerships, currencies, and alternative strategies, less investor fees. The returns are linked to the performance of an index or strategy, less investor fees. The UBS ETRACS Wells Fargo® MLP Ex-Energy Exchange-Traded Notes are linked to the performance of the Wells Fargo® Master Limited Partnership Ex-Energy Index.
Crude oil prices have crashed over the last several months, bringing the Energy Sector down with it. Over the last three months, the Wells Fargo® Master Limited Partnership Ex-Energy Index is down 2.8%.
Structured products, like Exchange-Traded Notes, 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 Exchange-Traded Notes that are linked to the Energy Sector 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.