NOTICE TO VELOCITYSHARES INVESTORS IN THE DAILY INVERSE VIX SHORT-TERM EXCHANGE TRADED NOTES- The Securities Arbitration Law Firm of Klayman & Toskes, P.A. Announces Investigation on Behal...
VELOCITYSHARES DAILY INVERSE V (XIV)
US:NASDAQ Investor Relations:
velocitysharesetns.com/xiv
Company Research
Source: Business Wire
NEW YORK--(BUSINESS WIRE)-- The Securities Arbitration Law Firm of Klayman & Toskes, P.A. (“K&T”), www.nasd-law.com, announces an investigation into Credit Suisse Group AG’s VelocityShares Daily Inverse VIX Short-Term Exchange Traded Notes (NASDAQ:XIV) (“XIV”) recommended by full-service brokerage firms and investment advisors. While major stock indexes fell nearly 10%, the XIV dropped over 90%. Investors may seek damages for violations of sales practice rules and regulations, as set forth by the Financial Industry Regulatory Authority (FINRA). According to Lawrence L. Klayman, Esq., “Recommended investments in these securities were unsuitable for many investors who did not understand the risks associated with the investment strategy which were not adequately disclosed.” Financial Engineering Gone Awry The XIV is an exchange traded note, which was designed to mimic the inverse performance of the
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