Securities Lawyers Blog
The investment attorneys of Gana Weinstein LLP are investigating investor claims of unsuitable investments in oil and gas related products. Our firm is currently representing a number of investors who lost substantial savings due to poor advice to concentrate holdings in speculative commodities investments. Many investors do not realize that many of these investments contain futures contracts and contain derivative features that warp and distort the value of these funds and make them unsuitable for long-term holdings. Investors who have been recommended to buy and hold these products by their financial advisors may have viable claims for investment recovery.
These oil and gas investment funds include:
- United States Oil Fund LP – USO
- ProShares K-1 Free Crude Oil Strategy ETF – OILK
- Breakwave Dry Bulk Shipping ETF – BDRY
- Credit Suisse X-Links Crude Oil Shares Covered Call ETN – USOI
- SPDR S&P Oil & Gas Equipment & Services ETF – XES
- iShares U.S. Oil Equipment & Services ETF – IEZ
- United States Brent Oil Fund LP – BNO
- VanEck Vectors Oil Services ETF – OIH
- InfraCap MLP ETF – AMZA
- Invesco S&P SmallCap Energy ETF – PSCE
- Invesco Dynamic Oil & Gas Services ETF – PXJ
- iPath Pure Beta Crude Oil ETN – OLEM
- United States Gasoline Fund LP – UGA
Some of these products listed utilize investments in futures contracts for natural gas, crude oil, heating oil, gasoline, and other petroleum-based fuels that are traded on the New York Mercantile Exchange, ICE Futures or other U.S. and foreign exchanges. These investments warn that the price relationship between the near month contract to expire and the next month contract to expire that compose the Benchmark Futures Contract will vary and may impact both the total return over time of the investments net-asset-value (NAV), as well as the degree to which its total return tracks other oil and gas related price indices’ total returns.