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The national securities law firm, Levin Law, P.A. is currently investigating brokerage firms that recommended and sold shares of the Braddock multi-strategy income fund (ticker symbol, BDKNX) (“Braddock Fund”). If your stockbroker, investment advisor, or other financial professional recommended and sold you shares on Braddock Fund, and you suffered significant losses, please contact us at (305) 402-9050 or email@example.com.
Recently, Braddock Fund’s share price dropped more than -30.73% YTD, and the fund has a total net assets of around $800 million according to MarketWatch data. The fund’s investment strategy focuses on targeted sectors including Residential Mortgage Backed Securities (RMBS), Asset Backed Securities (ABS), and Collateralized Loan Obligations (CLOs). The fund’s reported investment in credit sensitive RMBS is as large as 67%. Consequently, Braddock Fund is risky because of its sensitivity as a sector fund and because it is non-diversified.
If you have suffered losses in your Braddock Fund investments, you may have a claim against the financial institution that recommended and sold it to you, especially if the firm over-concentrated your portfolio in the Braddock Fund or failed to disclose the material risks of the Braddock Fund to you.
Many financial institutions have marketed Braddock Fund for its aim to “provide a higher level of incomerelative to broader fixed income markets.” The Braddock Fund has suffered significant losses because it is heavily invested in mortgage-related securities including those backed by assets such as residential and commercial real estate. This focus of the fund represents more risks than if the portfolio were broadly diversified, especially if underperformance of those investments continues for extended periods of time.
Financial advisors have the duty to fully disclose all material risks of the investments that they recommended and sell to their customers. Investors facing significant losses may be able to recoup part of those by suing their financial advisors in a Financial Industry Regulatory Authority (“FINRA”) arbitration.
If your stockbroker, financial advisor, or investment professional recommended shares in the Braddock Fund to you and you experienced losses, you may be able to pursue a claim for losses through a FINRA arbitration. Furthermore, brokerage firms are required to supervise their brokers and financial advisors under FINRA Rule 3110. Failure to supervise, which results in losses to a customer, may result in the brokerage firm being held liable and responsible for customers’ damages.
Contact Levin Law managing partner Brian Levin at (305) 402-9050 or email firstname.lastname@example.org for a free case evaluation. We accept most cases on a contingency-fee basis, meaning you are not responsible for Levin Law’s attorney fees unless money is recovered on your behalf.
Levin Law is a premier national securities, commodities, futures, and class action law firm with significant experience. Brian Levin, Levin Law’s founding attorney, has helped recover in excess of $100,000,000 through arbitration and litigation for individual and institutional investors throughout the country and the rest of the world. Levin Law represents retirees, individual investors, high-net-worth investors, ultra-high-net-worth investors, institutions, family offices, trusts, publicly held companies, and others.