美国精神能源基金（SOAEX）

Spirit of America Energy Fund: Information

美国精神能源基金（SOAEEX）于2014年成立，是一家专有的共同基金David Lerner Associatesto its customers. It is also one of the three energy and gas-related investments, sold only by this broker-dealer, that has cost customers significant financial losses. The other two areEnergy 11, LP和能源资源12，LP, which are both non-traded real estate investment trusts (non-traded REITs).

美国精神能源基金（SOAEX）is one of six mutual funds from Spirit of America Investment Fund, Inc. With nearly $192M in assets, SOAEX has invested at least 80% of its assets in energy companies.

Its investment holdings includemaster limited partnerships（MLP），上游勘探和生产（E＆P）公司以及参与能源研究，能源保护或制造或维修涉及能源相关活动的产品。此后，Soaex投资的一些实体已申请破产保护。

不幸的是，尽管它的目标是“寻求为投资者提供总回报”，但自成立以来，Spirit America Energy Fund的价值已经大大下降。

Shepherd Smith Edwards and Kantas (SSEK Law Firm at investorlawyers.com) is representing SOAEX investors who have suffered significant losses in fighting to recover their losses from David Lerner Associates.

It appears that many of the firm’s customers may have been unsuitably sold this energy investment. Contact SSEK Law Firm today at(800) 259-9010.

高度波动，风险和不适合散户投资者

Because Spirit of America Energy Fund is heavily concentrated in a sector of the market that can be very volatile, this is not the kind of investment that is suitable for many investors. This includes retail customers, retirees,older investors，以及需要大量流动性或具有短期投资时间范围的不教育投资者。

投资石油，天然气和能源行业，尤其​​是对于保守派投资者而言，从来没有比2020年Covid-19开始对世界造成严重破坏世界的风险。

Oil prices went down to -$40 a barrel. Class A shares of SOAEX, which sold at $91/share in 2014, had dropped to $14/share in March 2021. Class C shares, which were selling for over $17/share in 2017, were being offered at around $13/shares, also in March of last year.

Toward the end of 2020, the Fund’s year-to-date returns had gone down by -40%. However, even before the pandemic, the oil and gas industry was already seeing a decline.

Soaex投资者损失了钱，而David Lerner Associates经纪人获得了佣金

There is also growing concern that David Lerner Associates' financial advisors may have made虚假陈述和遗漏当向客户营销精神能源基金时。

Even as the Fund performed poorly and SOAEX investors paid high fees— including up to 5.75% of the offering price in sales charges, another 1% in deferred sales fee if shares were redeemed within 12 months of buying them, and other costs—the brokerage firm and its registered representatives reaped the financial benefits of these transactions.

David Lerner Associates经纪人，他们似乎向客户推荐Soaex

• Alan Lowenfels
• Richard Lerner
• 弗朗西斯科·卡布拉尔（Francisco Cabral）
• Gary Isler
• 马丁·勒纳（Martin Lerner）
• 大卫·奥塞（David Oser）
• 威廉·坎贝尔
• 拉斐尔·克莱因（Rafael Klein）
• 丹尼尔·勒纳（Daniel Lerner）
• 查尔斯·邦利拉（Charles Bonilla）
• 迈克尔·诺顿
• 格伦·沃纳（Glen Werner）

Brokerage firms have a duty to properly supervise their financial advisors and their activities in customers’ accounts to make sure that nothing untoward is occurring. Brokers must only recommend an investment if it is suitable for a client’s investing profile and financial goals. Customers must be apprised of all risks.

不执行任何操作可以是向您的经纪交易者提出索赔以追求损害赔偿的理由。如果没有经验丰富的美国能源基金投资律师在保护您的合法权利的同时，这不是您想要接受的投资案件。

如果您在SOAEX遭受损失，该怎么办？

If you are someone who lost money in the Spirit of America Energy Fund or any other energy-related securities, contact our experienced SOAEX investment attorneys online or call(800) 259-9010.

SSEK律师事务所代表Soaex，Energy 11和Energy Resources 12投资者在其金融行业监管局（FINRA）针对David Lerner Associates的仲裁索赔中。