Benzinga recently reported that the Goldman Commodities team saw their target price for WTI crude oil drop from $57 to $45 in 2016. In addition the firm lowered its outlook for oil names.
“Goldman’s Theodore Durbin said that the firm lowered its target prices for pipeline and MLP names by 16 percent, on average.”
Master Limited Partnership’s (MLP) are extremely complex and risky, making them better suited for institutional investors or wealthy and sophisticated retail investors. It is for this reason that The White Law Group is investigating the liability that brokerage firms may have for recommending high risk MLPs.
Brokerage firms are required to perform adequate due diligence on investments to determine if they are suitable for each individual client. Recommendations should be in line with the clients net worth, investment experience, and investment objectives.
If you suffered losses investing in an MLP and would like to discuss your litigation options, please call The White Law Group at 888-637-5510 for a free consultation.
The White Law Group is a national securities arbitration, securities fraud, and investor protection law firm with offices in Chicago, Illinois and Vero Beach, Florida. The firm represents investors throughout the country in FINRA arbitration claims against their brokerage firm.
For more information on The White Law Group, visit www.whitesecuritieslaw.com.