Have you suffered investment losses in Reef 2011 Private Drilling Fund ? If so, The White Law Group may be able to help.
Reef 2011 Private Drilling Fund is an oil and gas private placement investment sponsored by Reef Oil and Gas Companies, based in Richardson, Texas. The company engages in oil and natural gas exploration, production and property acquisitions.
The White Law Group is investigating the liability that brokerage firms may have for recommending Reef 2011 Private Drilling Fund to some clients. Oil and gas private placements are high-risk, speculative investments that are unsuitable for many investors. This type of investment is also exempt from registration with the Securities and Exchange Commission, and therefore they lack the same regulatory oversight as more traditional investments.
Unfortunately for many investors the risks associated with oil and gas private placements may have been understated and misrepresented by their broker. While oil and gas partnerships can be lucrative, they are extremely speculative investments that often lack liquidity. Investors are often risking total losses of their investment.
Brokerage firms that sell oil and gas private placements, like Reef 2011 Private Drilling Fund, have a fiduciary duty to perform adequate due diligence to determine if the investment is appropriate for the client given the client’s age, net-worth, financial objectives, investment experiences, financial needs, and risk tolerance.
Unfortunately, the high sales commissions associated with oil and gas investments often provides some brokerage firms with enough incentive to overlook suitability requirements. 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.
To determine whether you may be able to recover investment losses incurred as a result of your purchase of Reef 2011 Private Drilling Fund, please contact The White Law Group at (312)238-9650 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, visit www.whitesecuritieslaw.com.