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Robert Rex
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This blog is written by Robert H. Rex, Esq. who is a securities attorney and a passionate advocate for investors rights. With over 30 years of legal experience, 25 of which have dealt almost exclusively with the recovery of stockmarket and investment losses for mostly elderly clients, he and his... More
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Rex Securities Law
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Rex Investment Loss Recovery Blog
  • Exchange Traded Note VXX-Trading At All Time Low 1 comment
    Sep 10, 2012 2:03 PM | about stocks: VXX

    The $2 billion iPath S&P 500 VIX Short-Term Futures exchange traded note (NYSEARCA:VXX) was down over 10% last week and now is trading at an all time low of less than $9.50 per share. In August, investors put over $700 million into this investment and according to experts this recent drop in value is the result of the positive news related to the economies of Europe and the United States.

    Since this investment was launched in early 2009 at $400 per share it has been on a rocket like decline and appears headed for zero. An investor who placed $10,000 into it at inception in 2009 would now find his investment worth less than $250 today.

    Notwithstanding this dismal performance, investors have placed nearly $6 billion into the VXX over the past three years, reports Lipper, Inc.

    Exchange Traded Notes (ETNs) invest in short-term futures contracts tied to the Chicago Board Options Exchange Market Volatility Index and are not generally considered to be suitable for the average investor. If you were encouraged by your broker to invest in exchange traded notes and have suffered losses you may be able to recover those losses through FINRA arbitration.

    Contact us to discuss your rights. We have been helping investors recover stock market losses for more than twenty years. Free consultation.

    Rex Securities Law

    561 391 1900

    Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

    Stocks: VXX
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  • lenholliday
    , contributor
    Comments (96) | Send Message
    The reason old and young people alike buy VXX is called greed! And now you want to go sue their broker! I don't think so! He or she is just the order taker. Why would any stockbroker in the world want to put their client's money in an investment that was designed to lose money. This just does not make any sense now does it? So, it is now your job to go help all these old people that their stockbroker took advantage of. For a lawyer to look over the shoulders of a stockbroker to be sure he is doing the right thing for his clients is like letting the fox watch the chickens! Thanks For Letting Me Share!
    20 Sep 2012, 03:45 PM Reply Like
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