KlaymanToskes Investigates Investor Losses Following NVDQ's 96% Stock Decline
NEW YORK, NY / ACCESSWIRE / October 31, 2024 / National investment loss and securities law firm KlaymanToskes has launched an investigation into brokerage firms and financial advisors who may have unsuitably recommended investments in the T-Rex 2X Inverse Nvidia Daily Target ETF (BATS:NVDQ) which experienced a drastic decline due to Nvidia Corp's (NASDAQ:NVDA) recent stock surge. Investors who have suffered losses of $100,000 or more as a result of recommendations by their broker/investment advisor are urged to contact the law firm immediately at 888-997-9956. Investors with self-directed accounts who did not rely on the advice of a financial advisor are not eligible for our representation.
The T-Rex 2X Inverse Nvidia Daily Target ETF (BATS:NVDQ), designed to deliver 200% of the inverse of Nvidia's daily performance, suffered substantial financial losses as Nvidia's stock experienced an unexpected surge, soaring by 221.08% over the past year. As demand for Nvidia shares surged, investors in NVDQ faced amplified downward pressure due to the ETF's inverse relationship with Nvidia's performance.
Many NVDQ investors were unexpectedly impacted when Nvidia's stock climbed, resulting in a 96% decline for NVDQ's share price within the same time frame. KlaymanToskes is investigating whether financial advisors fully disclosed the inherent risks associated with this complex inverse ETF and whether the investment was suitable for investors' risk profiles and investment objectives.
Financial advisors and their firms must act in the best interest of their customers and are responsible for providing suitable investment advice. Investment firms may be held liable for any losses incurred by their customers if they fail to act in best interest of their customers, make unsuitable investment recommendations, misrepresent or omit material facts, and/or an overconcentrate the customer's portfolio in one particular investment, class, or market sector. Further, financial professionals and their firms cannot disregard a customer's risk-tolerance when making investment recommendations.
Investors who suffered investment losses in the T-Rex 2X Inverse Nvidia Daily Target ETF (BATS: NVDQ) due to unsuitable recommendations by their financial advisor are encouraged to contact attorney Steven D. Toskes at (888) 997-9956 or by email at investigations@klaymantoskes.com in furtherance of our investigation.
About KlaymanToskes
KlaymanToskes is a leading national securities law firm which practices exclusively in the field of securities arbitration and litigation on behalf of retail and institutional investors throughout the world in large and complex securities matters. The firm has recovered over $250 million in FINRA arbitrations and over $350 million in other securities litigation matters. KlaymanToskes has office locations in California, Florida, New York, and Puerto Rico.
Contact
KlaymanToskes, P.A.
Steven D. Toskes, Esq.
888-997-9956
investigations@klaymantoskes.com
www.klaymantoskes.com
SOURCE: KlaymanToskes, P.A.
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