HOUSTON, June 19, 2013 (GLOBE NEWSWIRE) -- Lawyers with the Securities Law Firm of Shepherd Smith Edwards & Kantas LLP, www.sseklaw.com, are investigating claims involving losses in precious metal investments. Specifically, the firm is investigating potential claims of investors who purchased positions in gold, silver, or other precious metals at the recommendation of their broker or financial advisor. Recently, increasing numbers of brokers have been pushing their clients to invest in precious metals or securities based on precious metals for various reasons, including representations that such investments are "hedges" against a falling market or simply speculating on the price of precious metals, such as gold. Many of the precious metal investments that have seen substantial losses over the last year include:
| Fund Name |
| ETFS Physical Asian Gold Shares ETF |
| FactorShares 2x Gold Bull/S&P Bear ETF |
| the Market Vectors Gold Miners ETF |
| Market Vectors Gold Miners Junior ETF |
| Global X Pure Gold Miners ETF |
| StreetTracks Gold Shares ETF |
| Global X Gold Explorers ETF |
| the UltraShort Gold ProShares ETF |
| iShares COMEX Gold Trust ETF |
| Direxion Daily Gold Miners Bull 3x Shares ETF |
| ETFS Physical Swiss Gold Shares ETF |
| RBS Gold Trendpilot ETN |
| the ProShares Ultra Gold ETF |
| iShares MSCI Global Gold Miners Fund |
| PowerShares DB Base Metals Fund ETF |
| Powershares DB Precious Metals Fund ETF |
| ETFS Physical Precious Metal Basket Shares |
| the PowerShares Global Gold & Precious Metals ETF |
| the SPDR S&P Metals & Mining ETF |
| the ProShares Ultra Silver ETF |
| PowerShares DB Silver Fund ETF |
| Global X Silver Miners ETF |
| iShares MSCI Global Silver Miners Fund |
| ETFS Physical Silver Shares ETF |
| iShares Silver Trust ETF |
| Global X Copper Miners ETF |
| First Trust ISE Global Copper Index Fund |
| the ETFS Platinum Physical Shares ETF |
| First Trust ISE Global Platinum Index ETF |
Information on the past performance of these investments can be found at http://www.stockbroker-fraud.com/lawyer-attorney-2168764.html. The returns seen by these investments vary substantially as a result of differences in the underlying strategies the fund utilizes. However, many investors purchase these or similar investments at the recommendation of their financial advisor without understanding the differences in risks these strategies can represent, or without understanding that these investments in precious metals can be, and have been, very high risk investments which can end up wiping out an investor's life savings in a matter of months. If you have invested in these or other investments in precious metals based upon your broker's recommendation, contact the law firm Shepherd, Smith, Edwards & Kantas LLP for a free evaluation of a potential claim to recover some or all of the investment that you lost. All communications will be kept strictly confidential and you will not be billed in any way for a consultation.
Shepherd Smith Edwards & Kantas LLP has a team of attorneys, consultants and others with more than 100 years of combined experience in the securities industry and in securities law. Since 1990, we have represented thousands of investors nationwide to recover losses. We have represented clients in Federal and state courts and in arbitration through the Financial Industry Regulatory Authority (FINRA), the New York Stock Exchange Inc. (NYSE), the American Arbitration Association (AAA) and in private arbitration actions. Collectively, we have represented clients in more than 1,000 matters in negotiation, mediation, arbitration and litigation.