Have you suffered losses in Pengrowth Energy Corporation? If so, The White Law Group may be able to recover some of your investment losses through a FINRA arbitration claim against the brokerage firm that sold you the investment.
The headline on Pengrowth’s website,”Building Sustainable Cash Flow,” is attractive to many investors. According to the website, the Canadian oil and gas production company located in Calgary, Alberta is set up as a trust, with a corporate strategy intended to “…fund a portfolio of low decline and long reserve life assets aimed at supporting production and a long-term stable dividend.”
Often investors are attracted to the high yields promised by royalty trust. However, there are many inherent risks associated with oil and gas investments.
Typically, oil and gas investments are sold as unregistered private placement offerings. They lack the same regulatory oversight as more traditional investments and are arguably unsuitable for most investors.
Broker dealers are required to make suitable investment recommendations that are in line with a client’s age, investment experience, net worth, and investment objectives. To the extent that some brokerage firm failed to make appropriate investment recommendations, they may be held liable for any resulting losses in a FINRA arbitration claim.
If you suffered losses investing in Pengrowth Energy Corporation and would like to speak to a securities attorney to discuss your litigation options, please call the securities attorneys of 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 Vero Beach, Florida.
For more information on the firm, visit www.WhiteSecuritiesLaw.com.