Schroder ISF Global Energy Investment Losses

Energy funds suffered heavily in the market after the Coronavirus outbreak.

The Sonn Law Group is investigating allegations that brokers unsuitably recommended investments in energy funds. If you or a family member has suffered losses investing in Schroder ISF Global Energy, we want to discuss your case. Please contact us today for a free review of your case.

Schroder ISF Global Energy Investment LossesSchroder International Selection Fund – Global Energy is an open-ended fund incorporated in Luxembourg. The Fund’s objective is to provide capital appreciation through investment in quoted securities of companies active in the energy sector.

Energy funds suffered significant losses last week as equity markets worldwide plummeted amid investor fears about Coronavirus and an oil price war between Saudi Arabia and Russia. As of April 1, 2020, the Schroder IFS Global Energy Fund had a -61.97% YTD return. 

The Sonn Law Group is investigating allegations that brokerage firms may have recommended high energy investments like the Schroder IFS Global Energy Fund to its clients. If your financial advisor over-concentrated your portfolio, you may have a claim to recover losses. 

Financial advisors are required to make suitable investment recommendations, accounting for your age, income, net worth, investment experience, and investment objectives.  Diversification is the key to reducing risk. As such, over-concentrated exposure to any sector or investment but particularly volatile industries like oil and gas can be unsuitable for many investors.

Contact Us Today

If you suffered losses investing in Schroder IFS Global Energy Fund, we are here to help. For a free consultation, please call us now at 866-827-3202 or complete our contact form.

Sonn Law Group is investigating claims regarding Joel Eziekel Blum (CRD #4905379, Goshen, New York). Blum recently submitted an AWC in which he was fined $10,000 and suspended from association with any FINRA member in any capacity for 20 days. See FINRA Case #2014040186601. Blum was associated with Merrill Lynch from May 2008 until his termination in February 2014. Blum has been associated with Ameriprise Financial Services, Inc., since February 2014. The Form U-5 filed by Merrill Lynch to terminate Blum's registration states that he was discharged for "conduct including failure to contact clients in advance of entering orders in non-discretionary accounts and mismarking order tickets as unsolicited." FINRA found that Blum executed discretionary transactions in customer accounts without written authorization to do so. In addition, Blum mismarked order tickets in connection with these transactions, inaccurately indicating that the trades were unsolicited, according to FINRA. In entering into the AWC, Blum neither admitted or denied FINRA's findings. Pursuant to FINRA Rules, member firms are responsible for supervising a broker's activities during the time the broker is registered with the firm. Therefore, Ameriprise or Merrill Lynch may be liable for investment or other losses suffered by Blum's customers. If you were a client of Ameriprise, Merrill Lynch, or Blum, and have suffered investment losses or financial irregularities, please contact Sonn Law Group to explore your legal options. Sonn Law Group is a nationally recognized law firm representing individuals, trusts, corporations and institutions in claims against brokerage firms, banks and insurance companies. To learn more, please call us at 844-689-5754 or complete our "contact form."
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