NEW YORK--(BUSINESS WIRE)--KlaymanToskes ("KT"), http://www.klaymantoskes.com, announces an investigation on behalf of investors who sustained losses from the purchase of Tortoise Energy Infrastructure Corporation (NYSE:TYG) (“TYG”) a Master Limited Partnership (“MLP”). TYG closed at 15.65 on February 21, 2020, prior to the significant market event that was precipitated by COVID-19. Today, TYG trades at 2.39, or more than 84% 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 TYG 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.