June 15,2015,
Cushing & Royalty Income Fund (SRF) which traded at $25 in February 2012 currently trades at less than $5. It is a leveraged fund which invests in oil and gas royalty trusts that was sold in some cases to elderly and conservative retirees who did not understand the risky nature of this investment.
Cushing & Royalty Income Fund was underwritten by these broker-dealers:
- Stifel, Nicolaus & Company
- RBC Capital Markets
- Oppenheimer & Co.
- Robert W. Baird & Co.
- BB&T Capital Markets, a division of Scott & Stringfellow
- Ladenburg Thalmann & Co.
- Wunderlich Securities
- Maxim Group
Aside from the risky nature of this investment, the fees and commissions associated with its sale exceeded 6% in some instances.
If you were sold the Cushing Royalty and Income Fund by your stockbroker, call to speak with an experienced securities attorney and learn how you may be able to recover damages through FINRA arbitration.
Rex Securities Law , with offices in Boca Raton, FL, and Austin, TX, provides representation to investors nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers and broker dealers. If you have questions about how your account has been handled, call to speak with an experienced securities attorney.
Most cases handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.
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