Update for Investors Regarding Morgan Stanley Cushing MLP High Income ETN

Stoltmann Law Offices continues to investigate Morgan Stanley and its sales of Cushing MLP High Income Exchange Traded Notes. A claim was recently filed with the Financial Industry Regulatory Authority (FINRA) on behalf of two North Carolina investors who alleged claims for violation of common law fraud, breach of fiduciary duty, negligence and negligent supervision. Morgan Stanley allegedly recommended its proprietary Cushing MLP High Income exchange-traded notes (ETNs) to its clients and failed to adequately disclose the risks of the those investments to the clients. ETNs are typically risky and illiquid investments that are not suitable for every client. A broker must take into account a client’s net worth, age and investment objectives among other factors, or the investment firm can be held liable for investment losses incurred. The Cushing MLP ETN declined more than 65% in value as recently as October 2014.

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