iPath S&P GSCI Crude Oil Total Return Index ETN Losses

Soreide Law Group is investigating claims related to the iPath S&P GSCI Crude Oil Total Return Index ETN. This investment may have been inappropriately sold to investors. This investment is represented by the symbol "OIL." OIL is not a suitable investment for everyone and your broker may have failed to limit losses. This year alone OIL went from around $12 a share to under $5 recently. OIL is supposed to track the S&P GSCI Crude Oil Total Return Index. The Index reflects the returns that are potentially available through an unleveraged investment in the West Texas Intermediate (WTI) crude oil futures contract.
Soreide Law Group is finding that many investors have been overconcentrated in oil and gas investments. This has been especially painful for investors whose brokers failed to limit their losses during the downturn. iPath S&P GSCI Crude Oil Total Return Index ETN has also been found to not track the price of oil correctly and has even traded at an extreme premium to its underlying NAV. At one point the iPath S&P GSCI Crude Oil Total Return Index ETN was down 13% while USO and BNO rose about 4%.
If you or a loved one has lost substantial amounts of money due to your broker's overconcentration of your funds in OIL or other oil and gas investments please call Soreide Law Group to discuss your potential to recover those losses at 1-888-760-6552. Soreide Law Group PLLC are securities lawyers who represent clients nationwide before FINRA.