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Morgan & Morgan is currently investigating claims that ProShares Trust provided false and misleading information to individuals who purchased shares in the UltraShort Real Estate ProShares fund (NYSE:SRS - News). In doing so, ProShares Trust may have violated the Securities Act of 1933.
The UltraShort Real Estate ProShares fund is an exchange-traded fund (ETF) that is designed to go up when markets go down. When the stock market fell during 2008 and 2009, investors were expecting a profit. However, instead of rising while the stock market fell, the fund also fell during this period. The UltraShort Real Estate ProShares fund failed to do what it was designed, represented, and advertised to do. ProShares is the subject of a current investigation by Morgan & Morgan because it allegedly failed to disclose the risks associated with these shares to investors. The Registration Statement should have made it clear to investors that the fund would perform in a manner that was completely opposite of investors' expectations.
The investment fraud attorneys at Morgan & Morgan are dedicated to obtaining justice for victims of securities fraud and misconduct. If you bought shares in the UltraShort Real Estate ProShares fund and lost money, you may be entitled to recover compensation through a lawsuit against ProShares. Please complete the Free Case Evaluation form now to learn more about your legal rights and options.
