Recovery of Investment Losses in Victory Exploration
Did you lose money investing in Victory Exploration at the recommendation of a broker? If so, the attorneys at The White Law Group may be able to help you recover your losses through FINRA Arbitration.
The White Law Group is investigating potential claims involving Victory Exploration Inc. Specifically, the liability some brokerage firms may have for unsuitably recommending high risk energy investments.
According to Bloomberg.com, Victory Exploration is a subsidiary of Victory Gold Inc.and operates as operates as a private landholder of mining and mineral properties. The company is based in Reno, Nevada and was formerly called F.W. Lewis, Inc.
The deflated energy prices has raised havoc for many companies, including Victory Exploration. According to CNBC, in March, Victory Exploration filed for chapter 11 bankruptcy.
Unfortunately, many investors were not made adequately aware of the risks associated with energy investments. Energy investments are generally speculative and can be very high risk ventures. They are arguably better suited for sophisticated and institutional investors that can afford total loss of their investment. Even bonds in the mining industry, which many investors think of as “safe,” are not without risk.
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.
To determine whether you may be able to recover investment losses incurred in Victory Exploration please contact The White Law Group at 888-637-5510.
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 White Law Group, please visit www.whitesecuritieslaw.com.