After recently closing down 93 percent and shedding approximately $3 billion in value, the VIX ETN underwritten by Credit Suisse, was effectively killed. Exercising their right to accelerate all of the outstanding ETNs, GS announced that the last day of trading for the VIX ETN will be February 20.
ETN’s like VIX are high risk are only suitable for sophisticated investors who are capable of losing their entire investment. If you invested in VIX based upon the advice of a broker or investment advisor and you believe such may have been inappropriate for your investment needs or sold to you in a misleading way you may have the right to recover your investment losses.
The law firm of Richard A. Nervig, P.C. represents individual investors who have suffered financial losses as a result of investment fraud or misconduct, Ponzi schemes, unsuitable investment recommendations, or abusive securities sales practices.
If you have investment losses in VIX or any other investment in excess of $100,000 please call my office at (800) 837-0441 for a free consultation.