October 3, 2016 Comments (0) Current Investigations

Black Diamond Energy Partners Investigation

(Last Updated On: November 3, 2016)

Have you suffered losses in Black Diamond Energy Partners offerings? If so, The White Law Group may be able to help you recover those losses through a FINRA arbitration claim against the broker-dealer that recommended that you purchase the investment.

Black Diamond Energy Partners is a natural gas developer that has completed multiple drilling projects. Many of these projects have been sold to investors as private placements.

Private placements in natural gas are extremely speculative investments and are not publicly traded. As such, they are generally significantly higher risk than other investment products such as stocks. In addition, most private placements are exempt from registration with the Securities and Exchange Commission (SEC) and therefore lack the same regulatory oversight as other investment products.

The White Law Group is investigating potential FINRA arbitration claims involving Black Diamond Energy, including the following:

Black Diamond Energy Partners 2004-B Ltd

Black Diamond Energy Partners 2005-A Ltd

Black Diamond Energy Partners 2005-B Ltd

Black Diamond Energy Partners 2005-C Ltd

BLACK DIAMOND ENERGY PARTNERS 2005-C LTD

BLACK DIAMOND ENERGY PARTNERS 2006-A LTD

BLACK DIAMOND ENERGY PARTNERS 2006-B L P

Black Diamond Energy Partners 2007-A Ltd

Black Diamond Energy Partners 2007-B Ltd

BLACK DIAMOND ENERGY PARTNERS 2008 A LTD

BLACK DIAMOND ENERGY PARTNERS 2008-B LTD

Black Diamond Energy Sector, L.P.

Most recently, Black Diamond Energy Sector, L.P. filed a Form D in 2015 and an amended Form D in January 2016. The type of securities is pooled investment fund interests.

The problem with Reg D private placements is 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.

Financial advisors and broker dealers have a duty to their clients to perform the necessary due diligence on an investment before offering it for sale to their clients and to ensure that any investment recommendation that is made is suitable in light of the client’s age, investment experience, net worth, and investment objectives.

It appears that some of the brokerage firms that sold this product failed to assess the risk of this investment and in some cases sold these investments to investors unsuitably.

To learn more about The White Law Group’s investigation, see Investor Alert: Black Diamond Energy Partners 2008-B.

If you invested in the Black Diamond Energy Partners 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.

For more information on The White Law Group, visit http://www.WhiteSecuritiesLaw.com.