Have you suffered losses investing in a Samson Resources? If so, the securities attorneys of The White Law Group may be able to help you recover your losses in a FINRA arbitration claim against the brokerage firm that recommended the investment.
According to their website, Samson Resources is an independent oil and natural gas company headquartered in Tulsa, Oklahoma. The company engages in in the exploration, development and production of oil and natural gas from properties located onshore in the United States.
In September, Samson Resources shocked the oil and gas industry when they filed for chapter 11 bankruptcy. The Street.com reprted, “Fitch Ratings said last week that the Samson bankruptcy drove its high-yield bond default rate for the energy sector to almost 5%, the highest in 16 years.”
Oil and gas investments are generally speculative and high risk ventures. These types of investments are often better suited for sophisticated and institutional investors that can afford total loss of their investment. Even bonds in the oil and gas industry, which many investors think of as “safe,” are not without risk.
Brokers have a responsibility to make investment recommendations that are in line with the client’s net worth, investment experience and objectives. They also have an obligation to to adequately disclose the risks involved in the investment.Unfortunately, brokers sometimes fail to perform the necessary due diligence prior to recommending them to their clients.
To determine whether you may be able to recover investment losses incurred in Samson Resources please contact The White Law Group at 312-238-9650.