Recovering Losses in Oil Stocks
California Investment Fraud Attorneys On Your Side
Many investors, particularly seniors, have recently contacted
Baldwin Mader Law Group regarding the recent precipitous decline in oil stocks and the significant
losses incurred in their portfolios as a result. In many cases entire
retirement portfolios have been wiped out. Our California
investment fraud lawyers have witnessed this numerous times: many investment advisers concentrated
clients in oil stocks on the false premise that oil stocks could not go
down. Of course, it is not the fault or the result of any wrongdoing of
any investment adviser that he or she failed to foresee the extraordinary
decline in the price of oil and oil equities.
Many large oil companies pay handsome dividends attracting retirees seeking
safety and income. However, what is actionable and may provide the basis
for recovery of losses is when investment advisers negligently concentrate
clients in any one industry sector- in this case oil. A cardinal rule
of investing is not to concentrate investments in any one sector. That
rule holds true even if you are invested in multiple companies in the
same industry sector- in this case the oil sector.
If you believe you have been concentrated in any one industry and have
incurred losses as a result,
please call the California investment fraud lawyers at Baldwin Mader Law Group to learn what you can do to potentially
to recover your losses.