Securities attorneys at Haselkorn & Thibaut may be able to help investors whose investments in Cohen & Steers MLP Income and Energy Opportunity Fund (MIE) has resulted in losses.
Congress has recently passed a stimulus bill to help Americans recover from the coronavirus. Investors that lost money may be able to recover losses.
Our law firm can pursue FINRA arbitration against broker-dealers who may not have exercised the required due diligence before recommending these funds as an investment opportunity.
What is the The Cohen and Steers MLP Income and Energy Opportunities Fund (MIE)?
The Cohen and Steers MLP Income and Energy Opportunities Fund is a closed and balanced closed fund launched by Cohen and Steres, and a company managed by Cohen and Steres Capital Management, which invests in the US public equity and fixed income markets.
The MIE fund primarily seeks to invest in limited key partnerships and issue securities by companies operating in the energy sector. It measures the performance of its portfolio against the Alerian MLP Index and a composite index of 90% Alerian MLP Index and 10% BofA Merrill Lynch Preferred Securities with fixed price. The Cohen & Stairs MLP Income & Energy Opportunities Fund, Inc. December 13, 2012, and is based in the United States.
For those who have invested in this particular fund, the last year has been a very disappointing one. The MIE has seen the value of its shares tank tremendously over this period; unfortunately, for investors in the fund, the Cohen & Steers MLP Income, and Energy Opportunity Fund has suffered catastrophic losses over the last year.
MLP funds are considered to be complicated and risky investments and are ideally the right choice only for experienced investors, whether retail or institutional.
Financial advisors may have unethically pushed this investment and foisted it on investors who did not have the net worth, age, experience, and expertise to handle an MLP fund. Investors like to put their money in stocks that offer dividends. However, there are times when dividends are cut, and the stock value then takes a dive.
Recover Losses From MIE
If broker-dealer firms make inappropriate investment recommendations, they can face FINRA arbitration claims and held accountable for the losses.
Investors who have suffered losses through investing in Cohen & Steers MLP Income and Energy Opportunity Fund can assess their legal options through a free consultation with Haselkorn & Thibaut, PA.
InvestmentFraudLawyers has helped investors all over America who seek expert help in national securities arbitration, securities fraud, and investor protection cases.