Ft. Lauderdale, Fl. Dec. 8, 2014 – Investors who have lost substantial value to their accounts after their broker solicited them to invest disproportionately in the VIX should seek legal consultation about their rights, the Mark A. Tepper Law Firm advised today.
The investor alert includes financial products like the BARCLAYS BK PLC IPATH S&P 500 VIX SHORT TERM FUTURES ETN NEW 2013 ISIN#US06742E7114. Ticker Symbol: (VXX),
“Some Brokerage firms and stockbrokers have allegedly misrepresented to investors that the VIX, which is known for trading on volatility, was a safe investment,” said Attorney Mark A. Tepper, a Fort Lauderdale lawyer who is the former Chief Trial Counsel in the New York Attorney General’s Bureau of Investor Protection and Securities.
“If investors are not told all material facts about securities products, they can suffer losses they might otherwise have avoided. Brokerage firms have an obligation to conduct due diligence on the products its brokers recommend. Over-concentration of a customer’s investment account in any one sector of the market, or product, like the VIX Futures, dramatically increases the risk of loss to the investor,” Mr. Tepper added.
“According to the rules that govern the securities industry, if a stockbroker misrepresents the level of risk or fails to disclose the true speculative nature of a recommendation, this may provide a reasonable basis for recovery,” Mr. Tepper said.
To discuss your legal rights with the law firm of Mark A. Tepper P.A., you can email attorney Mark A. Tepper at email@example.com or telephone the law firm at 954-961-0096.
About Mark A. Tepper, P.A. (www.MarkTepper.com)
Attorney Mark Tepper has earned the reputation of “Investor Advocate” while practicing law for over 35 years representing individual investors. FINRA arbitrators have upheld claims filed by Mr. Tepper against a number of large financial services companies. A member of the Florida, New York and California Bars, Mr. Tepper is AV®-rated, the highest rating of lawyers in the Martindale-Hubbell Law Directory.
Mark Hopkinson, NewsMark Public Relations