FT. LAUDERDALE, Fla., March 7, 2016 /PRNewswire/ -- As new Exchange Traded Funds (ETFs) hit the market, signaling a continuing public appetite for this type of investment, the law firm of Mark A. Tepper P.A. is alerting investors to their potential risk for less savvy investors.
"When investors aren't told by their brokers all the material facts about financial investment opportunities, they often suffer losses that otherwise might have been avoided," said Mr. Tepper, a Fort Lauderdale attorney who represents investors in claims against their brokers.
Mr. Tepper, who is the former Chief Trial Counsel at the New York Attorney General's Bureau of Investor Protection and Securities, said that some brokers are recommending leveraged and inverse ETFs without disclosing FINRA's view that they are unsuitable for retail customers. "FINRA has said repeatedly that the added complexity of leveraged and inverse exchange-traded products makes it essential that brokerage firms have an adequate understanding of the products and sufficiently train their sales force before the products are offered to retail customers."
If your broker recommended the purchase of leveraged and inverse ETFs and you lost money, you may want to discuss your legal rights to a recovery with the law firm of Mark A. Tepper, P.A.
The law firm lists "the Top 3 things investors should know about leveraged and inverse ETFs."
- A leveraged and inverse ETF advertised as having 3 times the gain could also have 3 times the loss;
- Pricing is adjusted every day at close of market so that price swings can be excessive;
- The high risk of holding leveraged and inverse ETFs for longer periods of time make them unsuitable for long-term investors;
To discuss your legal rights with the law firm of Mark A. Tepper P.A., you can email attorney Mark A. Tepper at firstname.lastname@example.org or telephone the law firm at 954-961-0096.
About Mark A. Tepper, P.A. (www.MarkTepper.com)
Attorney Mark A. Tepper has earned the reputation of "Investor Advocate" while practicing law for over 35 years representing individual investors. A member of the Florida, New York and California Bars, Mr. Tepper is peer-reviewed for 15 consecutive years, AV PREEMINENT® for ethical standards and legal ability, the highest rating of lawyers in the Martindale-Hubbell Law Directory.
Mark Hopkinson, NewsMark Public Relations
SOURCE Mark A. Tepper, P.A.