NOTICE TO GOLDMAN SACHS MLP INCOME OPPORTUNITIES FUND (GMZ) INVESTORS – KlaymanToskes commences investigation on behalf of ...
30 März 2020 - 3:30PM
Business Wire
KlaymanToskes ("KT"), http://www.klaymantoskes.com, announces an
investigation on behalf of investors who sustained losses from the
purchase of Goldman Sachs MLP Income Opportunities Fund (NYSE:GMZ)
(“GMZ”) a Master Limited Partnership (“MLP”). GMZ closed at 5.51 on
February 21, 2020, prior to the significant market event that was
precipitated by COVID-19. Today, GMZ trades at 1.20, or more than
78% lower than its market value on February 21, 2020. This product
may have been marketed and sold to customers who were risk averse,
such as retirees or other conservative investors, that were seeking
income and capital preservation and were not explained the
potential risks.
MLPs are investment vehicles available only to the real estate
and natural resource sectors. MLPs offer the tax advantages of
partnerships with the advantage of being traded on the open market.
Unfortunately, MLPs may become risky during times when certain
sectors of the economy are hit hard. The real estate markets and
markets in natural resources, especially the energy sector, can see
significant swings often causing investors to shoulder the losses.
These are risks that should be explained by brokerage firms and
financial advisors prior to recommending these investments.
Investors may seek damages for violations of sales practice rules
and regulations, as set forth by the Financial Industry Regulatory
Authority (FINRA) in arbitration.
The sole purpose of this release is to investigate the sales
practices and financial misconduct of brokerage firms and financial
advisors in connection with the sale of GMZ to their customers.
Investors who purchased these investments are encouraged to contact
Lawrence L. Klayman, Esq. of KlaymanToskes at (561) 542-5131, or
visit our website at www.klaymantoskes.com.
About Klayman & Toskes, P.A.
KT 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 represents
high net-worth, ultra-high-net-worth, and institutional investors,
such as non-profit organizations, unions, public and multi-employer
pension funds. KT has office locations in California, Florida, New
York, and Puerto Rico.
Destination:
https://klaymantoskes.com/notice-to-goldman-sachs-mlp-income-opportunities-fund-gmz-investors/
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version on businesswire.com: https://www.businesswire.com/news/home/20200330005373/en/
Klayman & Toskes, PA Lawrence L. Klayman, Esq. 888-997-9956
lklayman@klaymantoskes.com www.klaymantoskes.com
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