Waveland Drilling Partners Investment Losses
Have you suffered investment losses as a result of your purchase of a Waveland Drilling Partners private placement? If so, The White Law Group may be able to help you recover your investment losses in a FINRA arbitration claim against the brokerage firm that sold you the investment.
The White Law Group is currently investigating the liability some brokerage firms have for selling the following Waveland Drilling Partners investments:
Waveland Drilling Partners 2005-B
Waveland Drilling Partners 2006-A
Waveland Drilling Partners 2006-B, L.P.
Waveland Drilling Partners 2007-A, L.P.
Waveland North Paradigm III – B Partners
Waveland Vanguard Partners, LLC
Oil and gas private placements are speculative and inherently high risk investments. These types of investment are complex structured products, that often lack liquidity, and are intended for sophisticated investors. In addition, oil and gas private placements are exempt from registration with the Securities and Exchange Commission, and therefore they lack regulatory oversight.
Many oil and gas LPs have high expense ratios, and due to the decline in the overall health of the oil and gas market, are suffering. Some are on the brink of default, or worse yet, bankruptcy. Such an outcome is extreme, but not unforeseen. It only highlights the unsuitability of these investments for most retail investors – particularly in large concentrations.
Furthermore, the high sales commissions earned by brokerage firms to sell oil and gas private placements sometimes provides brokerage firms with enough incentive to overlook suitability requirements.
Brokerage firms have a fiduciary duty to perform adequate due diligence to determine if a private placement is appropriate for a particular client given the client’s age, net-worth, financial objectives, investment experiences, financial needs, and risk tolerance. If a brokerage firm makes unsuitable investment recommendations or fails to adequately disclose the risks associated with an investment they may be liable for investment losses.
Recovery of Investment Losses
If you would like to speak with a securities attorney regarding your ability to recover investment losses in a Waveland Drilling Partners investment, please call The White Law Group at (888) 637-5510 for a free consultation.
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 Vero Beach, Florida.
For more information on The White Law Group, please visit our website at www.WhiteSecuritiesLaw.com.