Levin Law, P.A. Is Investigating Brokerage Firms That Recommended and Sold Invesco Mortgage Trust, Inc. (IVR) to Customers
The national securities law firm, Levin Law, P.A. (“Levin Law”) is investigating brokerage firms and other financial institutions that recommended and sold the Invesco Mortgage Trust, Inc. (IVR) to customers. Please contact us at (855) 862-2306 or co*****@le********.com if your financial advisor recommended that you purchase Invesco Mortgage Trust, Inc. and you suffered meaningful losses. IVR dropped nearly 90% in value over the last month. Some brokerage firms marketed IVR as being a conservative investment appropriate for risk-averse customers, such as fixed-income senior citizens and those seeking to preserve their capital.
IVR Is a Complex and Risky Investment
IVR always had a high-risk profile. Unfortunately for many brokerage firm customers, however, many stockbrokers informed their clients that Invesco Mortgage Trust, Inc was a “safe” investment suitable for risk-averse investors. When making recommendations to purchase securities, financial advisors have the duty to fully explain all important risks of such investments. Many investment advisors, however, did not disclose the true risks inherent in IVR, resulting in investors thinking that their investments in IVR would not suffer significant losses. Those investors were surprised when their so-called “safe” investments dropped more around 90% in value during the most recent market decline, resulting in part due to the COVID-19 pandemic.
