Exchange Traded Notes

Former Morgan Stanley Client Won $520,000 Award for Unsuitable ETF Losses

Posted on Saturday, July 20th, 2019 at 8:16 pm    

In May 2019, a former client of Morgan Stanley won an award in a FINRA arbitration for compensatory damages for $519,089 plus 8.75% interest per annum for losses sustained from unsuitable ETF recommendations. The investors were clients of broker Timothy Prouty (CRD# 4928098). The causes of action included suitability; deceptive trade practices; breach of fiduciary […]

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Did Your Broker Recommend Investing in VelocityShares Daily Inverse VIX Short-Term ETNs?

Posted on Monday, February 12th, 2018 at 12:15 pm    

Did you suffer significant losses investing in the Credit Suisse AG VelocityShares Daily Inverse VIX Short-Term Exchange Traded Notes (ETNs), symbol XIV? An ETN is a senior, unsecured, unsubordinated debt security issued by an underwriting bank. It has a maturity date and is backed only by the credit of the issuer, and is designed to […]

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Did You Lose Money Investing in Credit Suisse Securities USA X-Links and Velocity Shares Exchanged Traded Notes?

Posted on Wednesday, June 14th, 2017 at 3:33 pm    

Erez Law is currently investigating financial advisors across the country who recommended investments in Credit Suisse Securities USA X-Links and Velocity Shares Exchanged Traded Notes (ETNs). In December 2016, the VelocityShares 3x Long Crude ETN linked to the S&P GSCI Crude Oil Index Excess Return (UWTI) – providing triple leveraged bullish exposure to oil futures […]

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