Are you concerned about investment losses in Blue Ridge Group or Bayou City Exploration oil and gas private placements? If so, The White Law group may be able to help you.
According to a FINRA disciplinary complaint released last week, from September 2009 – September 2014, Source Capital Group allegedly failed to supervise its Bowling Green Complex, instead, allowing the principals of Blue Ridge and Bayou City to supervise the Firm’s registered personnel and to assert control over the Firm’s systems, operations and activities.
Other allegations include failing to establish and maintain a reasonable supervisory system, failure to disclose material facts to prospective investors in connection with the Firm’s sale of two Blue Ridge offerings and four Bayou City offerings, including that Blue Ridge and Bayou City allegedly (1) paid the expenses of the Source offices in the Bowling Green Complex, (2) paid non-cash compensation to Source registered representatives, and (3) exercised significant control over the personnel and operations of the Bowling Green Complex.
In particular, The White Law Group is investigating the following Blue Ridge Group and Bayou City Exploration private placement investments:
-Blue Ridge Group 2013 Seabreeze Offset Drilling Program, LP
-Blue Ridge Group 2013 Seabreeze Field Development LP
-Bayou City Exploration 2013 Seabreeze Offset Drilling Program LP
-Bayou City Exploration 2013 Seabreeze Field Development LP
-Bayou City Exploration 2013 Mississippian Development Program LP
-Bayou City Exploration 2014 Illinois Basin Drilling Program LP
Broker dealers are required to perform adequate due diligence on all investment recommendations to ensure that each investment is suitable for the investor in light of the investor’s age, risk tolerance, net worth, financial needs, and investment experience.
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.
To determine whether you may be able to recover investment losses incurred as a result of your purchase of Blue Ridge Group and Bayou City Exploration private placements or another oil and gas investment, 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. For more information on the firm, visit www.WhiteSecuritiesLaw.com.