Have you suffered losses investing in New Gulf Resources’ bonds? If so, the securities attorneys of The White Law Group may be able to help you recover your losses in a FINRA arbitration claim against the brokerage firm that recommended the investment.
According to reports, the Tulsa, OK-based New Gulf Resources and certain subsidiaries completed its financial restructuring and emerged from Chapter 11 on May 13, 2016. Further, the company name will be changed to ETX Energy LLC.
The company has completed all required actions and satisfied the remaining conditions of its Plan of Reorganization, which was previously confirmed by the US Bankruptcy Court for the District of Delaware on April 20, 2016.
According to their website, ETX Energy is based in Tulsa, Oklahoma and owns, manages and operates upstream and midstream energy projects in Southeast Texas.
The White Law Group is investigating the liability brokerage firms may have for recommending New Gulf Resources bonds. Brokerage firms are required to perform adequate due diligence on any investment they recommend and to ensure that all recommendations are suitable for the investor in light of that particular investor’s age, investment experience, net worth, risk tolerance, investment objectives, and income. Firms that fail to perform adequate due diligence or that make unsuitable recommendations can be held responsible for investment losses in a FINRA arbitration claim.
If you suffered losses in New Gulf Resources bonds and would like to discuss your litigation options, please call the securities attorneys of The White Law Group at (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 in FINRA arbitration claims throughout the country. For more information on the firm, visit http://www.whitesecuritieslaw.com.
New Gulf Resources’s Outstanding Issues:
New Gulf Resources, 11.75% 15may2019
New Gulf Resources 10% 15NOV2019