July 17, 2012 Comments (0) Blog, Securities Fraud

Recovery of Penneco Drilling Associates Investment Losses

(Last Updated On: July 17, 2015)

Have you suffered losses in a Penneco Drilling Associates private placement offering?  If so, the securities attorneys of The White Law Group may be able to help you recover your losses through FINRA arbitration.

According to its Form D SEC filing, Penneco Drilling Associates is an oil and gas development company.  In order to raise capital for its offerings, Penneco Drilling Associates has offered “private placements” to the public, which were then offered and sold by certain FINRA registered broker-dealers.  Upon information and belief, the following Penneco private placements have been offered and sold: Penneco Drilling Associates 2002-1, Penneco Drilling Associates 2003-1, Penneco Drilling Associates 2004-1, Penneco Drilling Associates 2005-1, Penneco Drilling Associates 2006-1, Penneco Drilling Associates 2008-1, Penneco Drilling Associates 2009-1, and Penneco Royalty Income LP III.

Private placements like the one offered by Penneco Drilling Associates are often riskier and more complicated than traditional investments, and are only suitable for high net worth, sophisticated investors.  Notwithstanding the risks of investing in private placements, brokerage firms continue to push this type of investment because of the high commissions associated with their sale and creation.

The White Law Group continues to investigate the liability that FINRA registered brokerage firms may have for improperly selling high-risk private placements, like Penneco Drilling Associates, to their clients.

To speak with a securities attorney regarding your investment in Penneco Drilling Associates, please call The White Law Group at 312/238-9650 for a free consultation.

The White Law Group is a national securities fraud, securities arbitration and investor protection law firm with offices in Chicago, Illinois and Boca Raton, Florida.

For more information on The White Law Group, visit the firm’s website at http://www.whitesecuritieslaw.com.