WASHINGTON, Jan. 13, 2016 /PRNewswire/ -- The Wall Street Fraud Watchdog is urging high net worth individuals who have suffered substantial losses because their stock broker or investment advisor parked most of their portfolio in oil stocks in 2015 to call them anytime at 866-714-6466 for a possible strategy to recover their money. The practice of putting all of a person's stock portfolio is called 'concentration' and it is like putting all of your investment eggs in one basket.
The Wall Street Fraud Watchdog says, "A year ago we drove from Fort Worth, Texas to Odessa, Texas." We discovered almost every freeway exit had new motels, or fast food chain restaurants under construction because of the oil boom and fracking. The distance between Fort Worth and Odessa is over 300 miles. We had just seen the same in Ohio, and Pennsylvania.
"Stock brokers or investment advisors talked many high net worth individuals into the notion that the US oil boom would never end and sold their clients a bill of goods in our opinion. As a result of this poor advice many high net worth US Investor put much of their investment portfolio into oil stocks, and much of their principal has now been flushed down the tube."
If you are a high net worth individual and you have suffered huge losses because your investment advisor or stock broker sold you a bill of goods with supposedly super safe oil stocks in 2015 please call us at 866-714-6466 and we will suggest lawyers who might be able to assist you in getting your money back." http://WallStreetFraudWatchdog.Com
The Wall Street Fraud Watchdog believes investing in oil stocks in 2015 was a very, very risky investment not only because of the abundance of US oil reserves that seemingly were increasing with each passing month, but perhaps more importantly because the Obama Administration was going to give away the farm on the Iranian nuclear weapon negotiations. The Obama Administration's Iranian free pass gave the Saudi's no other good options except to pump oil to lower global oil prices. By decreasing global oil prices the Saudi's devastated Iran's economy, and the economy of Iran's main sponsor Russia. Frackers in Texas, Ohio, Wyoming, and North Dakota are now laying off workers, and US oil stocks have tanked. "Did anyone on Wall Street see this coming, or were the brokers and investment advisors making too much money to pay attention?" http://money.cnn.com/2015/01/06/news/economy/oil-jobs-gas-prices/.
The Watchdog says, "If an investor suffered losses in excess of $100,000 in 2015, or in 2016 because their investment portfolio had a concentration in oil stocks we are urging them to call us at 866-714-6466, if their investment advisor or stock broker did nothing to protect them. Concentrations in oil stocks in 2015 was never a good bet and a stock broker, or investment advisor should have been more proactive when it came to protecting their clients." http://WallStreetFraudWatchdog.Com
M. Thomas Martin
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SOURCE Wall Street Fraud Watchdog