Morgan Stanley Cushing MLP High Income Index ETNThe securities and investment fraud law firm Fitapelli Kurta is interested in hearing from investors who have complaints regarding investments in Morgan Stanley Cushing MLP High Income Index exchange-traded notes.
The Morgan Stanley Cushing MLP High Income Index ETN is an exchange-traded note, or ETN, that tracks the performance of the Cushing Master Limited Partnership (MLPY), which includes 30 MLPs that hold shipping and energy assets in North America, according to Morgan Stanley. ETNs, for reference purposes, are senior, unsecured debt obligations that are meant to provide access to certain indices. MLPs trade on public exchanges in the US, and they generally focus in companies in the energy sector, including those that create or maintain pipelines, storage facilities, processing plants, and other elements of infrastructure. Structured as partnerships rather than corporations, MLPs offer the tax benefits of a limited partnership and the liquidity of publicly traded securities. Many have regular, quarterly distributions, though they do not guarantee performance.
Like a number of other energy-related securities products, the Morgan Stanley Cushing MLP High Income Index ETN has declined in the last year, with falling prices of crude oil. According to Bloomberg, the Morgan Stanley Cushing MLP High Index ETN has declined in value by more than 50% in the last year.
Master limited partnerships, like ETNs,can be complicated investments with many riskswhich do not guarantee returns or coupon payments, and are subject to the risks of the markets they track. Investors should seek a complete understanding of any investment from their broker or investment adviser, to ensure the product is suitable. Brokers and investment advisers who recommend unsuitable investments may be subject to disciplinary action by FINRA or the Securities and Exchange Commission.
If you or someone you know has lost money investing in Morgan Stanley Cushing MLP High Income Index exchange-traded notes, call the securities and investment fraud law firm Fitapelli Kurta at 877-238-4175 for a free consultation. You may be entitled to recoup your losses. We accept all cases on contingency: Fitapelli Kurta only gets paid if and when you collect money. Time to file your claim may be limited, so we recommend you avoid delay. Call 877-238-4175 now to speak to an attorney for free.