Articles Tagged with ETNs

ETRACS The securities and investment fraud law firm Fitapelli Kurta is interested in speaking to investors who have complaints regarding investments in ETRACS Wells Fargo MLP Ex-Energy exchange-traded notes (ETNs).

ETRACS Wells Fargo MLP Ex-Energy ETN (NYSE: FMLP) is an exchange-traded note (ETN) linked to the performance of the Wells Fargo Master Limited Partnership Ex-Energy Index. It pays a variable monthly coupon connected to cash distributions on index constitutions, “if any,” minus investor fees. The index is a “modified market capitalization-weighted index of master limited partnerships (MLPs) that do not have an energy focus and that have a market capitalization of at least $100 million at the time of inclusion,” according to UBS. According to Bloomberg, FMLP has declined in value by more than 21% over the last year. Continue Reading

William CarltonThe securities and investment fraud law firm Fitapelli Kurta is investigating allegations of misconduct against Virginia-based UBS broker/adviser William Carlton (CRD# 1132967).

William Carlton has spent 32 years in the securities industry and has been registered with UBS Financial Services in Vienna, Virginia since 2007. Previous registrations include Citigroup Global Markets in McLean, Virginia (1993-2007); Lehman Brothers in New York, New York (1991-1993); Dean Witter Reynolds, New York (1989-1991); Wheat First Securities (1984-1987); and San Diego Securities (1983-1984). He is a registered broker and investment adviser in 28 US states and territories. Continue Reading

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