Overconcentration and Abuse of Non-Traditional ETFs Results in $350K in Losses

The Green Firm recently filed a Statement of Claim through the FINRA arbitration process on behalf of clients who lost in excess in of $350,000 due to the mismanagement of their account by E1 Asset Management and its broker. Our client's account suffered massive losses allegedly as a result of excessive risk and overconcentration in their account, which was invested in just five stocks. Making matters worse, our client was recommended the complex financial product known as a non-traditional ETF, the alleged misuse of which by their broker lead to further losses.