Investor Alert: Texas Energy Holdings, Inc. Equitas Drilling Program
Have you suffered losses a Texas Energy Holdings, Inc. Equitas Drilling Program? If so, the securities attorneys of The White Law Group may be able to help you recover your losses through a FINRA arbitration claim.
Texas Energy Holdings is a privately-held independent oil and natural gas company that focuses on acquiring income-producing properties and developmental drilling in proven producing fields. Their portfolio of assets encompasses premier positions of U.S. oil and natural gas resource plays with the majority of their development in Texas and Oklahoma.
Texas Energy Holdings often raises money for investments through Reg D private placement offerings like the company did for Texas Energy Holdings Equitas Drilling Program. These Reg D private placements are then typically sold by brokerage firms in exchange for a large up front commission, usually between 7-10%.
The Problem with Reg D Private Placements
Reg D private placements, like Texas Energy Holdings, Inc. Equitas Drilling Program, are inherently risky due to the lack of regulatory oversight. Compared to more traditional investments such as stocks or mutual funds, these investments are generally more complexly structured and often considered high-risk products.
Broker-dealers have a responsibility to recommend securities products that are consistent with each individual client’s risk tolerance, investment objectives, financial needs,net-worth and age. Unfortunately, some broker-dealers overlook suitability requirements and industry regulations when offering privately placed limited partnerships.
When broker-dealers overlook suitability requirements and industry regulations they may be liable for investment losses. If you invested in Texas Energy Holdings, Inc. Equitas Drilling Program and would like to discuss your litigation options, please call the securities attorneys of The White Law Group at 1-888-637-5510 for a free consultation.
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, visit www.whitesecuritieslaw.com.