Ridgewood Walker Ridge Investment Losses
Have you suffered losses investing in Ridgewood Walker Ridge? If so, the securities attorneys of The White Law Group may be able to help you recover your losses through a FINRA arbitration against the brokerage firm that sold you the investment.
According to its Reg D filing, Ridgewood Walker Ridge is an offering from 2007 and the company was established to acquire interests in oil and natural gas properties. Upon information and belief, the investment closed and stopped paying distributions in 2012 resulting in a substantial loss to investors.
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.
Oil and gas private placements, like Ridgewood Walker Ridge, involved substantial risks and are not appropriate for most investors.
Brokerage firms are required to perform due diligence on any investment they recommend and to only recommend investments that are suitable for their clients in light of the client’s age, investment experience, net worth, and investment objectives. To the extent that a broker-dealer fails to perform adequate due diligence or makes an unsuitable recommendation, the firm may be held responsible for any investment losses.
Recovery of Investment Losses
If you suffered losses investing in Ridgewood Walker Ridge and would like to discuss your litigation options, please call The White Law Group at 888/ 637-5510 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 Vero Beach, Florida. The firm represents individuals in claims against their brokerage firm throughout the country.
For more information on The White Law Group, visit http://www.whitesecuritieslaw.com.