Published On: January 5, 2016

The Financial Industry Regulatory Authority’s (FINRA) complaint line fielded calls this past year regarding energy-sector securities, according to a report released by FINRA on Wednesday.FINRA began the helpline amid concerns that the growing elderly contingency in the country consisted of many investment customers who suffer from dementia and other cognitive impairments. In the past three months, the calls related to energy-related investments have come as oil prices are expected to fall by more than a third, and many of the calls have been about energy stocks. Susan Axelrod, FINRA’s executive vice president for regulatory operations stated: “Customers saw the declines in the their portfolios, called the helpline not understanding why they had experienced such a decline and exhibited a lack of understanding of the risks involved in the energy sector investments.” Other products customers called about included variable annuities and real-estate investment trusts (REITs), which are considered high-risk investments. The helpline received 2,545 calls through December 20th, and resulted in $750,000 being returned to individual investors.

Disclaimer

The posting on this site are mere OPINIONS and NOT statements of fact in any way whatsoever. The information should not be relied upon and there have been no findings made against the firms or individuals referenced on this site. In addition, this Blog is made available for educational purposes only and incorporates information from the web as well as to give you general information and a general understanding of the law, not to provide specific legal advice. By using this blog site you understand that there is no attorney client relationship between you and Stoltmann Law Offices (161 N Clark Street 16th Floor Chicago, IL 60601). The Blog opinions should not be used as a substitute for competent legal advice from a licensed professional attorney in your state.

PLEASE NOTE THIS IS ADVERTISING AND IT IS NOT A NEWSPAPER ARTICLE OR POST FROM AN INDEPENDENT OR NON-BIASED, NEWS SITE, NEWS SOURCE OR NEWSPAPER.

Chicago Investment Fraud Attorneys Offering Nationwide Representation to Investors

If you have suffered financial losses because of the negligence or fraud of your financial advisor or broker through unsuitable investment recommendations, over-concentration, churning, misrepresenting risks, conversion or selling away, you have legal rights and options to pursue recovery of those losses.

Stoltman Law Securities and Investment Fraud Attorneys