Did Your Broker Recommend Kayne Anderson MLP (NYSE: KYN)?

Kayne Anderson MLP (NYSE: KYN) has lost 57% in the past year.
52 week range:  10.10 - 35.02
Kayne Anderson MLP Investment Company is a closed ended equity mutual fund launched and managed by KA Fund Advisors, LLC. It is co-managed by Kayne Anderson Capital Advisors, L.P.  Their principal business is to operate assets used in the gathering, transporting, processing, storing, refining, distributing, mining or marketing natural gas, natural gas liquids (including propane), crude oil, refined petroleum products or coal.
As in nearly 86% of the MLP market, KYN is related to energy and natural resources. Investors have lost over $20 billion in publicly traded oil funds in MLPs. These funds have created devastating losses for investors whose brokers recommended a heavily weighted portfolio in energy-related stocks.
The major banks and brokerages have made over $1 billion in fees for selling energy-related products to their investors.  Because of these commissions, many brokers push the sale of MLPs, as in the case of KYN, to their clients to cash in on the lucrative commissions they receive in return. Often the brokers or financial advisors did not do enough to warn the conservative investor about the high-risk nature of these products, and when the energy stocks plummeted, it created losses of life savings and retirement accounts which in some cases will never be replaced.
If you suffered losses in Kayne Anderson MLP (KYN), or other energy-related products, due to the recommendations of your broker or financial advisor, call Soreide Law Group and speak to a lawyer specializing in securities regarding the possible recovery of your investment at:  888-760-6552.
Soreide Law Group represents our clients on contingency and advances all costs. We are committed to recovering our clients’ losses due to the negligence or fraud of their stock brokers or financial advisors. Our securities lawyers represent clients nationwide before FINRA.