Have you experienced losses in Tortoise Energy Infrastructure Corporation (TYG) due to the recommendations of your broker/dealer or your financial advisor?
Soreide Law Group is now conducting an investigation on behalf of investors who have contacted us due to losses from purchasing Tortoise Energy Infrastructure Corporation (TYG), a Master Limited Partnership (MLP) on the advice or recommendation of their brokers.
According to Yahoo Finance, Tortoise Energy Infrastructure Corporation is a closed ended equity mutual fund launched and managed by Tortoise Capital Advisors L.L.C. This fund invests in the public equity markets of the United States. It seeks to invest in the stocks of companies operating in the energy infrastructure sector, with an emphasis on those companies that are engaged in transporting, processing, storing, distributing or marketing natural gas, natural gas liquids, coal, crude oil or refined petroleum products, or exploring, developing, managing or producing such commodities. The fund primarily invests in securities of publicly traded Master Limited Partnerships and stocks of companies having a market capitalization greater than $100 million. Tortoise Energy Infrastructure Corporation was formed on October 29, 2003 and is domiciled in the United States.
| Today, March 31, 2020, TYG is trading at approximately 2.40. The 52 week high was 24.29, and the 52 week low was 1.15. |
TYG may have been recommended to clients who had conservative portfolios or were retired and looking for safe, secure investments and not made aware of the risks involved with MLPs. MLPs can be risky in uncertain times, especially in the oil and gas sectors and real estate markets. There is a responsibility of the broker/dealer or financial advisor to explain the risks and nature of these products before they recommend them to their clients.
If you’ve experienced losses in Tortoise Energy Infrastructure Corporation (TYG) due to your broker or financial advisor’s recommendations, contact Soreide Law Group and speak to a lawyer at no cost regarding the possible recovery of your investment losses through a FINRA arbitration at: 888-760-6552.
Soreide Law Group works on a contingency fee and represents our clients nationwide before FINRA.
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