Wells Fargo Advantage WI Tax-Free Inv Investment Losses
Have you suffered investment losses in Wells Fargo Advantage WI Tax-Free Inv? If so, The White Law Group may be able to help you recover your losses through FINRA arbitration.
The White Law Group is investigating potential securities fraud claims involving broker-dealers’ improper recommendation that investors purchase Wells Fargo Advantage WI Tax-Free Inv.
Our firm is paying close attention to Wells Fargo Advantage WI Tax-Free Inv and other funds with high involvement in Puerto Rico, in particular, the ways in which broker/dealers marketed and sold the products to investors. In many cases, broker-dealers marketed these investments as safe and secure when in reality these funds were overexposed to the risk of a Puerto Rico default on debt.
Investors were likely attracted to the Wells Fargo Advantage WI Tax-Free Inv due to the relatively high interest or dividend offered. Unfortunately, it appears that certain financial advisors failed to adequately disclose the risks of the fund to their clients (particularly in light of the funds over-concentration of investments in Puerto Rico). According to reports, the Wells Fargo Advantage WI Tax-Free Inv has approximately 15.3% of its investable assets invested in Puerto Rico debt.
This is obviously a big problem for the Wells Fargo Advantage WI Tax-Free Inv fund with Puerto Rico threatening to restructure debt and postpone bond payments.
Recovery of Investment Losses
To determine whether you may be able to recover investment losses incurred as a result of your purchase of the Wells Fargo Advantage WI Tax-Free Inv fund, please contact 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 Vero Beach, Florida.
For more information on The White Law Group, visit https://whitesecuritieslaw.com.
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