Pot Stock Losses: Cronos Group Securities Investigation
Have you suffered losses investing in Cronos Group (CRON) at the advice of your financial advisor? If so, the securities attorneys at The White Law Group may be able to help you recover your losses through FINRA arbitration.
According to the Wall Street Journal yesterday, Investors in cannabis companies are finding their money is “going up in smoke” this week after a round of sad earnings reports.
Cronos Group Inc. reportedly operates as a diversified and vertically integrated cannabis company. The Company offers production and distribution platforms of medical marijuana, as well as cultivates cannabis oil and serves customers in Canada.
According to Yahoo Finance, shares of Cronos Group reportedly dropped 49% in the past year, with an 18% dive in September after recent vaping related incidences have caused some regulatory bans on the products like e-cigarettes.
Cronos, who reportedly viewed vaping products as a key growth driver, is under pressure with these regulatory bans and consumers’ fears regarding product safety.
The White Law Group is investigating potential securities fraud claims involving broker dealers who may have unsuitably recommended pot stocks like Cronos Group to investors.
Broker-dealers have a legal obligation to act in the best interest of their clients and have to demonstrate adequate due diligence on an investment before recommending the investment to a client. Investment recommendations should be consistent with an individual’s age, risk tolerance, financial objectives, and investment knowledge.
Broker-dealers that have not done their fiduciary duty or adequately disclose the risks when selling investments may be held liable for damages lost through FINRA arbitration claims.
If you have suffered losses investing in Cronos Group or another pot stock, The White Law Group may be able to help you. For a free consultation with a securities attorney, please call 888-637-5510.
The White Law Group, LLC is a national securities fraud, securities arbitration, investor protection, and securities regulation/compliance law firm with offices in Chicago, Illinois and Franklin, Tennessee.
For more information on The White Law Group, visit https://whitesecuritieslaw.com.