Energy funds suffered heavily in market drops last week after the Coronavirus outbreak.
The Sonn Law Group is investigating allegations that brokers unsuitably recommended energy funds. If you or a family member has suffered losses investing in NCM Energy Plus Class, we want to discuss your case. Please contact us today for a free review of your case.
The NCM Energy Plus Class fund purportedly invests in Canadian and foreign resource companies. The portfolio may consist of all types of equity and convertible debt obligations of issuers that may or may not be listed for trading upon the facilities of stock exchanges or other organized and regulated trading facilities, according to MarketWatch.
Energy funds suffered significant losses last week as equity markets worldwide plummeted amid investor fears about Coronavirus and an oil price war between Saudi Arabia and Russia. As of March 25, 2020, NCM Energy Plus Class has a -64.85% YTD return.
The Sonn Law Group is investigating allegations that brokerage firms may have recommended high energy investments such as INCM Energy Plus Class to its clients. If your financial advisor over-concentrated your portfolio, you may have a claim to recover losses.
Financial advisors are required to make suitable investment recommendations, accounting for your age, income, net worth, investment experience, and investment objectives. Diversification is the key to reducing risk. As such, over-concentrated exposure to any sector or investment but particularly volatile industries like oil and gas can be unsuitable for many investors.
Contact Us Today
If you suffered losses investing in NCM Energy Plus Plus Class, we are here to help. For a free consultation, please call us now at 866-827-3202 or complete our contact form.