Recovery of South Central Region Private Limited Partnership, Discovery Oil & Gas Partners, and Gulf Coast Rig and Equipment Investment LossesWednesday, April 24th, 2013
Have you suffered substantial losses in oil and gas private placements with South Central Region Private Limited Partnership, Discovery Oil & Gas Partners, or Gulf Coast Rig and Equipment? If so, the securities fraud attorneys at The White Law group may be able to help you recover your losses through FINRA arbitration.
According to filings with the Securities and Exchange Commission (SEC), South Central Region Private Limited Partnership, Discovery Oil & Gas Partners, and Gulf Coast Rig and Equipment are all limited partnerships offered to investors between 2006-2007. These limited partnerships share the same address in Frisco, TX and appear to have the same parent corporation, DRD Holdings, LLC.
Oil and gas limited partnership investments are speculative ventures and often lack liquidity. Limited Partnerships are complex structured investments and are intended for sophisticated, high-net worth investors that are able to risk total loss of their investment. In addition, limited partnerships offer extremely high commission fees that are often 3-4x higher than more traditional investments, like mutual funds or bonds.
Brokerage firms that sell these types of investments are required by the Financial Industry Regulatory Authority (FINRA) to perform adequate due diligence to ensure that the investment has a reasonable likelihood of success. Brokerage firms must also take into account an investors age, risk tolerance, and financial objectives before recommending any investment to ensure that a particular recommendation is appropriate for a particular investor.
Brokerage-firms and investment adviser’s who sell private placements to unsuitable investors or fail to adequately disclose investment risks can be held accountable for loses suffered through FINRA arbitration.
If you have concerns regarding your investment in South Central Region Private Limited Partnership, Discovery Oil & Gas Partners, or Gulf Coast Rig and Equipment, and would like to speak with a securities attorney about your litigation options, please call The White Law Group at 312-238-9650 for a free consultation.
The White Law Group, LLC is a national securities fraud, securities arbitration and investor protection law firm with offices in Chicago, Illinois and Boca Raton, Florida.
To learn more about The White Law Group visit, www.whitesecuritieslaw.com.