INTERACTIVE BROKER CUSTOMERS SEE ACCOUNTS GO NEGATIVE DUE TO FALLING OIL PRICES
Crude oil prices fell into negative territory this week for the first time in history. The negative pricing means that an investor with a long position in oil would have to pay someone to take their oil investment off their hands. The historic drop has sent shockwaves through the market. The New York Mercantile Exchange […]
SEC Accuses Breitling Energy Of $80M Fraud
The SEC charged Breitling Energy Corp., its CEO, and seven others with defrauding investors out of nearly $80 million by misleading them about the value of oil and gas assets [su_spacer size=”10″]The Commission’s suit alleges that CEO Christ Faulkner of Breitling, an oil and gas driller from Texas, had worked with numerous accomplices to defraud […]
Frankowski Firm Investigating Raymond James MLP Recommendations
The Frankowski Firm, LLC is investigating Raymond James’ potentially inappropriate recommendations of oil and gas and commodities related investments. Investors may have legal recourse because of unsuitable recommendations by their broker to invest in this speculative and volatile area. Raymond James has served as an underwriter for many master limited partnership (MLP) deals, and their […]
Worst May Be Yet To Come For Energy MLPs
Investors in energy-focused master limited partnerships could be understood crying for mercy. The sector rebounded late last week, but the midstream benchmark Alerian MLP index is still down a brutal 16% in January, and 46% for the past year. The problem here, as with global markets, is falling crude-oil prices. In good times, MLPs do […]
Rapid Price Decline Closes Two Leveraged MLP ETNs
Declining oil prices have victimized two leveraged exchange traded notes (“ETNs”) tracking master limited partnerships (“MLPs”). UBS Investment Bank announced the closing of ETRACS 2xMonthly Leveraged Long Alerian MLP Infrastructure Index ETN (NYSEArca: MLPL) and ETRACS 2x Monthly Leveraged S&P MLP Index (NYSEArca: MLPV). MLPV “will be mandatorily redeemed in accordance with the terms of […]
Top Investor Threats
The following is a list compiled by the North American Securities Administrators Association of the top financial products and practices that threaten to trap unwary investors and small business owners: Unregistered Products / Unlicensed Salesmen: The offer of securities by an individual without a valid securities license should be a red alert for investors. Con artists […]
