The securities and investment fraud law firm, Fitapelli Kurta, is investigating claims from customers who have lost money investing with Cushing Royalty & Income Fund investments at the recommendation of Stifel Nicolaus or one of their brokers.
The Cushing Royalty & Income Fund is a management investment company whose purported objective is to “seek a high total return with an emphasis on current income”. According to their website, the Fund seeks to achieve these objectives by “investing under normal market conditions, at least 80% of its net assets, plus any borrowings for investment purposes, in Energy Trust and MLP investments”
This Fund is a high risk investment, however many investors may not have been informed of these risks. Stifel Nicolaus initiated The Cushing Royalty & Income Fund and represented it as “a unique offering for income-oriented investors seeking oil and natural gas price exposure.”
As such, Stifel Nicolaus has a duty to recommend suitable investments to their investors. This means that an investment must comply with the customer’s investment objectives, and interests. Failure to do so could result in harm to the investors, for which Stifel Nicolaus can be held liable.
If you have lost money investing in The Cushing Royalty & Income Fund you may be entitled to recover your losses. Claims filed on behalf of investors to recover losses must be filed with the Financial Industry Regulatory Authority (FINRA) and must submit to arbitration with FINRA. This process can be tedious and exhausting for investors. The nationally acclaimed law firm, Fitapelli Kurta has extensive experience handling arbitration cases with FINRA. In fact, our firm recovers millions on behalf of investors every year. Call now to discuss the merits of your case with an attorney at no cost to you. All cases are taken on a contingency fee basis but time is limited to file your claim, so do not wait. Call now.