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.
Florida-561 391 1900