Stoltmann Law Offices is investigating Powershares Gold Double Long Exchange-Traded Funds (ETFs). ETFs are often marked as a conservative way to track the market, and are registered investment companies that share a portfolio of securities. They are designed to mirror the performance of the underlying index such as the S&P and can fluctuate throughout the day. ETFs can be deceptively tricky and complex investments, that my only be suitable for more sophisticated investors. An investment advisor must take into account a customer’s age, portfolio, investment sophistication and net worth before recommending an investment to him or her. The investment advisor must do his due diligence to make sure the recommended security is suitable for the client. If he does not, his investment firm can be held liable for financial losses, as the firm had a duty to reasonably supervise its employees. If you invested in Powershares Gold Double Long ETF, please contact our securities law firm in Chicago at 312-332-4200 to speak with an attorney. The call is free with no obligation, and we take cases on a contingency fee basis, which means we do not get paid unless you recover money.
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