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Wednesday, February 26, 2014 12:13:31 PM
NUGT | October 3, 2013
Soreide Law Group is representing several investors who were
sold GDXJ, GDX, and NUGT by their stock brokers around the
United States.
The Direxion Daily Gold Miners Bull 3X index or "NUGT” is a
highly leveraged investment that is not suitable for risk
adverse retired investors according to the Financial Industry
Regulatory Authority.
These investments were presented to clients as conservative gold
investments.
However, NUGT is a speculative investment that is typically
reserved for day traders and not long term gold investors who
are seeking to hedge a weakening dollar.
These investments seek to replicate various gold mining indexes
and do not exactly track the price of gold.
NUGT utilizes leverage and all of these gold stock investments
are down more than 40% this fiscal year.
Many investors who have heavy gold related losses had brokers
who failed to limit their losses, over-concentrated their
portfolios in gold, excessively traded, recommended risky gold
related assets, used excessive margin, and touted risky gold
assets as safe investments.
If you feel that your broker has committed these or other
negligent acts with your account you may have a viable claim
for monetary recovery.
If your stock broker or financial advisor recommended GDXJ also
known as the Market Vectors Junior Gold Miners ex.
EFT or other high risk gold investments such as GDXJ, GDX or
NUGT the highly leveraged Gold miners index that replicates 3
times the daily results please call securities attorney Lars
Soreide, Esq., of the Soreide Law Group for a free consultation
to learn how you could potentially
recoup some of your gold losses at (888) 760-6552.
Soreide Law Group is representing investors nationwide before
FINRA.
For more information as to how you could potentially recover
your GDXJ, GDX or NUGT losses through a FINRA arbitration visit
our website at:
http://www.securitieslawyer.com/goldlosses.html
Ex. Bank Depositors Please Read This
http://beforeitsnews.com/survival/2013/12/bank-depositors-please-read-this-2501618.html
Note. US banks control CAN banks -
Exposure To Derivatives = zombie banks
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God Bless
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Read more at
http://www.stockhouse.com/news/press-releases/2013/10/03/soreide-law-group%C2%A0is-investigating-brokerage-firms-for-the-sale-of-nugt-and#7Ek8jj8SbiJ4pOcf.99
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