Did you incur financial losses after investing in ERG 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 bloomberg.com, ERG Resources, formerly known as Energy Reserves Group, evaluates, acquires, operates, and exploits oil and gas assets with headquarters in Houston, Texas.
The prolonged drop in energy prices, especially oil and gas, has caused havoc for many companies, including ERG Resources. In April, ERG Resources filed for chapter 11 bankruptcy.
Unfortunately for some investors, they where not adequately informed of the risks associated with energy investments. Energy investments are generally speculative and can be very high risk ventures. Even bonds in the oil and gas industry, which many investors think of as “safe,” are not without risk.
The White Law Group is investigating the liability that that some brokers may have for making unsuitable recommendation in risky oil and gas investments.
Before recommending an investment, your broker 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, brokers sometimes fail to perform the necessary due diligence prior to recommending them to their clients.
For a free consultation to determine whether you may be able to recover investment losses incurred in ERG Resources please contact The White Law Group at (312)238-9650.
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.