October 7, 2016 Comments (0) Current Investigations

Alliance Petroleum Investigation

Noble Royalty Access Fund
(Last Updated On: February 16, 2017)

Alliance Petroleum Investment Losses

Have you suffered losses investing with Alliance Petroleum Corporation?  If so, the securities attorneys of the The White Law Group may be able to help you recover your losses through FINRA arbitration claim.

Alliance Petroleum Corporation is a privately held oil and gas company headquarters in Canton, Ohio.  According to their website, Alliance primarily operates in Ohio, Pennsylvanian, and West Virginia and has been exploring, developing, and producing gas wells since 1985.

Alliance Petroleum stock was acquired in 2012 and now operates as a subsidiary of Lake Fork Resources LLC. Alliance Petroleum most recently filed a Form D in 2007.

An 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 through FINRA arbitration.

Oil and gas investments can be very lucrative, however, they are extremely risky. Drilling is an expensive venture, equipment is not always readily available and may breakdown, wells may be unproductive or dry, and oil and gas prices are volatile. Oil and gas investments do not always guarantee cash distribution and can result in total loss.

Risks of Oil and Gas Partnerships

The inherent risks and lack of liquidity in oil and gas partnerships make them unsuitable for many investors.  Brokerage firms that sell these types of investments are required to perform adequate due diligence to ensure that the investment has a reasonable likelihood of success and to take into account an investors age, risk tolerance, and financial objectives when making investment recommendations.

Specifically, The White Law Group is investigating the following Alliance Petroleum offerings:

Alliance Petroleum Corporation 2007-A Private Drilling Fund
Alliance Petroleum Corporation 2001-B Private Drilling Fun
Alliance Petroleum Corporation 2002-B Private Drilling Fund
Alliance Petroleum Corporation 2004-A Private Drilling Fund
Brokerage firms that have not done their fiduciary duty may be held liable for investment losses through FINRA arbitration. For more information on The White Law Group’s investigation, see Click Here

Recovery of Investment Losses

If you have concerns regarding your investment in Alliance Petroleum Corporation and would like to speak with a securities attorney about your litigation options, please call The White Law Group at (888) 637-5510 for a free consultation.

The White Law Group, LLC 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