MLPs service the energy sector by providing pipelines, processing plants, storage and refineries. Most MLPs earn money by charging oil and gas producers to transport or store their products. When selling MLPs, some brokers told their customers the MLP prices were not correlated to the price of oil. These statements are simply not true. MLPs are correlated to the price of oil, which can fluctuate wildly and depending on the price of oil. Overconcentration in these and similar products can lead to large losses in investor portfolios.
If you have lost money in MLPS or similar products, Meyer Wilson may be able to help you recover your losses.
Contact us today to see what we may be able to do for you! We offer free consultations and all our cases are handled on a contingency fee basis.