Oppenheimer Bond Funds
Many brokers sold both the Oppenheimer Core Bond Funds and the Oppenheimer Champion Income Funds to their clients and represented these funds as conservative, long-term investments for part of their retirement plan portfolio. However, these funds were invested in high risk derivatives and credit default swaps. These funds lost a significant amount of value in 2008 and 2009 due to these risky investment strategies. Brokerage firms that sold these investments have a duty of due diligence to their clients and must investigate these products before recommending them to their clients.
If you purchased the Oppenheimer Core Bond Funds or the Oppenheimer Champion Income Funds from a broker, you may be entitled to recover some of your losses through an arbitration with ING Financial Partners. Please contact SanDiego@Thieler-Boeh-Seitz.com
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