Have you suffered losses investing with Gulf Coast Rig & Equipment? 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 filings with the Securities and Exchange Commission (SEC), Gulf Coast Rig and Equipment is a limited partnership offered to investors between 2006-2007 in Frisco, Texas.
Oil and gas limited partnership investments are speculative ventures and often lack liquidity. Limited Partnerships are complex structured investments and are intended for sophisticated, high-net worth investors that are able to risk total loss of their investment. In addition, limited partnerships offer extremely high commission fees that are often 3-4x higher than more traditional investments, like mutual funds or bonds.
Brokerage firms that sell these types of investments are required by the Financial Industry Regulatory Authority (FINRA) to perform adequate due diligence to ensure that the investment has a reasonable likelihood of success. Brokerage firms must also take into account an investors age, risk tolerance, and financial objectives before recommending any investment to ensure that a particular recommendation is appropriate for a particular investor.
Brokerage firms and investment advisers who sell private placements to unsuitable investors or fail to adequately disclose investment risks can be held accountable for losses suffered through FINRA arbitration.
If you have concerns regarding your investment in Gulf Coast Rig and Equipment, and would like to speak with a securities attorney about your options, please call The White Law Group at 888-637-5510.
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 and its representation of investors in FINRA arbitration claims, visit http://www.whitesecuritieslaw.com.