Stoltmann Law Offices is interested in speaking to those investors who have invested in oil and gas and commodities related investments. Investors may be able to recover their losses by suing the brokerage firm of the broker who recommended these. Our law offices have been tracking a number of Master Limited Partnership (MLP) closed-end funds that have suffered significant losses. Among them is Kayne Anderson MLP (NYSE: KYN) which has $4.1 billion in assets. Over the past year, this fund has suffered a 57% loss.
Around 86% of the total MLP securities market can be attributed to energy and natural resource companies. Investors have lost over $20 billion in publicly traded oil funds in MLPs. Banks such as Citigroup, Barclays and Wells Fargo made an estimated $1.1 billion in fees for selling these products to investors. Many brokers have been hyping these MLP investments because of the commissions they provide for the brokers themselves, but the recommendation and the sale must be suitable for the investor for it to be considered legitimate. Please call us if you have questions about bringing a claim against your brokerage firm for the sale of MLPs. We may be able to help you recover your money on a contingency fee basis.