U.S. Energy Genesis Drilling Program II Investment Losses
Have you suffered losses investing in U.S. Energy Genesis Drilling Program II? If so, The White Law Group may be able to recover your losses through an arbitration claim against the broker-dealer that sold you the investment.
According to their website, U.S. Energy Development Corporation is an independent oil & gas companies that has invested, operated, and/or drilled more than 3,000 wells throughout 12 states and Canada. U.S Energy is affiliated number of drilling programs offering investors limited partnerships.
U.S. Energy Genesis Drilling Program II is a limited partnership launched in 2012. According to a Form D filed by Genesis with the SEC, the total offering amount for Genesis was $44 million with more than $5 million going towards sales commissions to broker-dealers that sold the investment.
The trouble with limited partnerships, like Genesis Drilling Program II, is that they involve substantial risks and are more appropriate for sophisticated investors.
Unfortunately, some brokers may have downplayed the risks associated with limited partnerships and misled investors into thinking that they are “safe” investment products. The high sales commission brokers earned for selling such products may provide some brokers with enough incentive to push the product to unsuspecting investors. Compared to your typical stock or mutual fund that offer 1%-2% commission, the commission for limited partnerships like Genesis are more than 10%.
If a broker misleads a client or makes unsuitable investment recommendations they can be liable for investment losses.
Recovery of Investment Losses
To determine whether you may be able to recover investment losses incurred as a result of your purchase of Genesis Drilling Program II, please contact The White Law Group at 1-888-637-5510.
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 White Law Group, please visit our website at www.whitesecuritieslaw.com.