April 17, 2016 Comments (0) Blog

Investor Alert: Ridgewood Energy Bluewater Oil Fund III

Bradford Drilling
(Last Updated On: January 31, 2017)

Investigation of Ridgewood Energy Bluewater Oil Fund III

Have you suffered investment losses in Ridgewood Energy Bluewater Oil Fund III? If so, The White Law Group may be able to help you recover your losses by filing a FINRA Dispute Resolution claim against the brokerage firm that sold you the investment.

According to their website, Ridgewood Energy is a private equity firm focused on investments in the Deepwater Gulf of Mexico.  The company often raises money for investments through Reg D private placement offerings like the company did for Ridgewood Energy Bluewater Oil Fund III.  These Reg D private placements are then typically sold by brokerage firms in exchange for a large up front commission.

The trouble with alternative investment products, like Ridgewood Energy Bluewater Oil Fund III, is that they involve a much greater degree of risk compared to traditional investments, such as stocks, bonds or mutual funds. Alternative investments are typically sold as unregistered securities and lack the same regulatory oversight as more traditional investment products.  An additional risk inherent to Ridgewood offerings is also the general risk that comes with the energy market – a market that has seen enormous losses over the last few years.

The Trouble with Alternative Investments

Broker dealers that sell alternative investments are required to perform adequate due diligence on all investment recommendations to ensure that each investment is suitable for the investor in light of the investor’s age, risk tolerance, net worth, financial needs, and investment experience.

However, another unfortunate by product of Reg D private placements is that the high sales commission brokers earn for selling such products may provide some brokers with enough incentive to push the product to unsuspecting investors who do not fully understand the risks of these types of products.

If a broker or brokerage firm makes an unsuitable investment recommendation or fails to adequately disclose the risks associated with an investment they may 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 Ridgewood Energy Bluewater Oil Fund III or another Ridgewood private placement investment, please contact 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 firm, visit www.WhiteSecuritiesLaw.com.