Securities Broker Michael Giovannelli Targeted In Investor Disputes Soreide Law Group is contemplating possible investor claims or lawsuits regarding the sales practices of Michael John Giovannelli (CRD#: 4989449, Garden City, New York). Specifically, Giovannelli worked for Spartan Capital who disaffiliated with him in July 2020 for unauthorized trading. Not only that, but investors who held […]

Losses By Investing In UBS ETRACS ETNs Because Of Your Broker Or Adviser? Soreide Law Group is reviewing investor claims against brokers or advisers who recommended UBS ETRACS ETNs. These investments are senior, unsecured and unsubordinated securities which are meant to track the return of a specific market index minus fees. Namely, some of these […]

Investors Could Have Sustained Big Losses On Credit Suisse X-Links Monthly Pay 2xLeveraged Alerian MLP Index ETN Soreide Law Group is reviewing investor claims against brokers or advisors who recommended Credit Suisse X-Links Monthly Pay 2xLeveraged Alerian MLP Index ETN (NYSEArca: AMJL). Notably, AMJL closed at $1.20 on March 18, 2020--the last day it traded. […]

VelocityShares 3x Long Crude Oil ETN (UWTI) 52 Week Range:  11.70 - 140.90 In June of 2009, the Financial Industry Regulatory Authority (FINRA) released FINRA Notice to Members 09-31 concerning Non-Traditional ETFs. The Notice states that, “inverse and leveraged ETFs that are reset daily are typically unsuitable for retail investors who plan to hold them […]

UBS AG announced that it has suspended sales of its outstanding ETRACS 2xMonthly Leveraged Long Alerian MLP Infrastructure Index ETN (NYSE Arca: MLPL) and other ETRACS products. March 2020 Update: The following were suspended: UBS ETRACS Monthly Pay 2x Leveraged MSCI US REIT Index ETN due May 5, 2025 symbol – LRET UBS ETRACKS Monthly […]

iPath Dow Jones - Issuer- UBS Commodity Index TR Barclays – ticker- DJP US JPMorgan Alerian MLP Index Issuer - Issuer- JPMorgan – ticker- AMJ US – ticker- US iPAT H S&P 500 VIX Short-Term Futures Issuer -Barclays – ticker- VXX US Elements Rogers International Commodity Index TR - Issuer- SEK – ticker- RJI US […]

FINRA, the Financial Industry Regulatory Authority Inc., issued an investor alert about the risks of ETNs, exchange-traded notes, after an investigation of Credit Suisse and Barclays ETNs this year. ETNs are often thought of as as ETFs, exchange-traded funds, but in reality, the two are very different.  ETNs are promissory notes written by banks to deliver the returns of an […]