Have you suffered investment losses in Atlas Resource Public 16-2007 ? If so, The White Law Group may be able to help you recover your losses by filing a FINRA Dispute Resolution claim against the brokerage firm that sold you the investment.
According to a recent letter sent to investors, as of June 15, 2015, Atlas Resource Public 16-2007 will no longer make payments to partners. The letter attributed the decision to cease payments as the result of the wells normal production decline coupled with deflated gas and oil prices.
Unfortunately for investors, the letter went on to say that payments remain suspended until there is a meaningful increase in cash flow.
Investments in gas and oil, like those offered by Atlas Resource, involve substantial risks and often lack liquidity. Investors looking to sell their partnership interests will likely have a difficult time finding a buyer.
Before recommending an investment, a broker-dealer has a fiduciary duty to adequately disclose the risks involved in the investment and to perform the necessary due diligence to determine whether the investment is suitable for the investor. Unfortunately, the high commissions associated with oil and gas partnerships often provides broker-dealers with enough incentive to overlook FINRA suitability and due diligence requirements.
The White Law Group is investigating the liability that brokerage firms may have for selling Atlas Resource Public 16-2007 partnership interests. To determine whether you may be able to recover investment losses incurred as a result of your purchase of Atlas Resource Public 16-2007, please contact The White Law Group at (312)238-9650.
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 firm, visit www.whitesecuritieslaw. com.