John Alex (CRD: 2020710) settled customer disputes at Morgan Stanley and UBS Financial Services between 2011 and 2025, according to BrokerCheck, which lists him as John L. Alex.

Soreide Law Group is evaluating possible investor claims against brokers who caused investor losses by selling them ProShares UltraPro Short 20+ Year Treasury (NYSEArca: TTT). Notably, this leveraged Fund, which aims to produce daily investment results of three times the inverse of the daily performance of the ICE U.S. Treasury 20+ Year Bond Index, is mainly meant for investors trying to cash in on market declines or hedge against declines. Evidently, TTT has a 52-week high of $33.06 and 52-week low of $18.29. Critically, based on its closing price of $19.66 on July 15, 2019, TTT is down more than 40% from its 52-week high. For this reason, investors may be concerned that their broker sold them unsuitable or misrepresented investments in TTT. Here’s more on the ProShares investments.
ProShares indicates that the Fund’s returns for more than one day will probably be different in both the amount and direction from the target Index governing the same period. This is mainly due to compounding of daily returns. For periods exceeding a single day, TTT will lose money if the Index is flat. What’s more, the prospectus says that the Fund could lose money if the Index falls. ProShares claims it can help investors manage risk and “enhance returns” through its alternative investments. However, this might not hold true for TTT given its poor performance.
Investors sued ProShares for misleading them on investments. Particularly, in April 2019, investors brought a class action lawsuit against ProShares Trust II from ProShares Short VIX Short-Term Futures ETF (NYSEArca: SVXY) . Apparently, the lawsuit claims that ProShares violated federal antifraud laws. The Complaint alleges that ProShares made misleading and false statements and failed to disclose risks, causing investors damages. This matter is ongoing.
Sometimes, brokers induce investors to purchase inverse and leveraged ETFs among other alternative investments by touting high potential returns. However, investments like TTT can contain a substantial increase in risk compared with traditional investments. Mainly, the higher index volatility, longer holding periods, greater leverage, and inverse exposure could aggravate the impact of compounding on returns. Accordingly, these investments could be unsuitable for investors who have long-term investment horizons or who don’t actively manage the investments. Unfortunately, some brokers ignore these serious suitability concerns for investors. Fortunately, investors can sue their brokers for causing investors losses on unsuitable TTT sales. Moreover, investors can sue their brokers for omitting information about TTT’s risks and costs.

Did your broker sell you ProShares UltraPro Short 20+ Year Treasury (NYSEArca: TTT)? If so, contact Soreide Law Group at (888) 760-6552. You’ll be able to speak with experienced counsel about a possible recovery of your investment losses. Notably, Soreide Law Group has recovered millions of dollars for investors who have suffered losses due to broker and brokerage firm misconduct. We represent clients on a contingency fee basis and advance all costs.
John Alex (CRD: 2020710) settled customer disputes at Morgan Stanley and UBS Financial Services between 2011 and 2025, according to BrokerCheck, which lists him as John L. Alex.
Sam Bhushan (CRD: 4884717) is named in several pending customer complaints and one settled dispute, according to his BrokerCheck report.
Sterling Louviere (CRD: 2021328), listed on BrokerCheck as Sterling Vaughn Louviere, is named in a pending customer claim over Reg D private placements, with Cabin Securities as the firm named.
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