Recovery of Investment Losses in Hard Rock Partners, LP
Have you suffered investment losses in Hard Rock Partners, LP? 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.
Hard Rock Exploration, Inc. (“Hard Rock”), founded in 2003, is an independent oil and gas development company located in Charleston, West Virginia. The company sponsors drilling programs such as Hard Rock Partners Well Programs to raise money.
The Trouble with Private Placements under Reg D
The trouble with alternative investment products, like Hard Rock Partners, LP, is that they involve a high degree of risk and are typically sold as unregistered securities which lack the same regulatory oversight as more traditional investment products like stocks or bonds.
The White Law Group is investigating the liability that brokerage firms may have for improperly selling private placements like Hard Rock Partners LP.
Broker dealers that sell alternative investments are required to perform adequate due diligence on all investment recommendations to ensure that each investment recommendation that is made is suitable for the investor in light of the investor’s age, risk tolerance, net worth, financial needs, and investment experience.
However, another problem with Reg D private placements is that the high sales commissions and due diligence fees the brokers earn for selling such products sometimes can provide brokers with an enormous incentive to push the product to unsuspecting investors who do not fully understand the risks of these types of investments or to outright misrepresent the basic features of the products – usually focusing on the income potential and tax benefits while downplaying the risks.
Specifically, The White Law Group is investigating the following Hard Rock offerings:
|HARD ROCK PARTNERS 2010-A, L.P.|
|HARD ROCK PARTNERS 2011-A, L.P.|
|HARD ROCK PARTNERS 2012-A, L.P.|
|HARD ROCK PARTNERS 2012-B, L.P.|
|HARD ROCK PARTNERS 2013 LP|
|HARD ROCK PARTNERS 2014 LP|
Fortunately, FINRA does provide for an arbitration forum for investors to resolve such disputes and 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 found liable for investment losses in a FINRA arbitration claim.
You may be able to recover investment losses incurred as a result of your purchase of Hard Rock Partners, LP. 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. The firm represents investors throughout the country in claims against their brokerage firm.
For more information on the firm and its representation of investors, visit www.WhiteSecuritiesLaw.com.