Securities arbitration lawyers currently are investigating claims on behalf of investors who suffered significant losses in various mutual fund investments. A number of mutual funds experienced a gross underperformance in the 2011 market. Investors of these mutual funds have lost a large portion of their investments.
According to stock fraud lawyers, Financial Industry Regulatory Authority rules have established that brokers and firms have an obligation to fully disclose all the risks of a given investment when making recommendations, and those recommendations must be suitable for the individual investor receiving the recommendation given their age, investment objectives, and risk tolerance. If a broker or adviser makes a recommendation that is unsuitable for their client, the broker or brokerage firm can be held responsible for the investor’s losses in Financial Industry Regulatory Authority arbitration.
The following is a list of mutual funds currently being investigated by securities arbitration lawyers:
- Oberweis China Opportunities Fund – Because it primarily invests in China, this mutual fund is more aggressive than typical mutual funds.
- Dreyfus Greater China Fund – Because it primarily invests in China, this mutual fund is more aggressive than typical mutual funds.
- Eaton Vance Greater India Fund – Because it primarily invests in India, this mutual fund is more aggressive than typical mutual funds.
- Mathews India Investor Fund – Because it primarily invests in India, this mutual fund is more aggressive than typical mutual funds.
- John Hancock Global Opportunities Fund – Because it primarily invests in emerging markets, this mutual fund is more aggressive than typical mutual funds.
- Legg Mason Capital Management Opportunity Fund
If you invested in any of these mutual funds and your financial advisor did not fully disclose the risks, you may have a valid securities arbitration claim. To find out more about your legal rights and options, contact a stock fraud lawyer at The Law Office of Christopher J. Gray at (866) 966-9598 for a no-cost, confidential consultation.