Investigating Potential Claims Involving Texakoma Operating LP
Are you concerned about investment losses in Texakoma Operating LP? If so, the securities attorneys at The White Law Group may be able to help you recover your losses by filing a FINRA Arbitration claim against the brokerage firm that sold you the investment.
Texakoma Group engages in oil and gas exploration services. The company is based in Plano, Texas.
The company often raises money through Reg D private placement offerings like Texakoma Operating LP. These Reg D private placements are then typically sold by brokerage firms in exchange for a large up front commission, usually between 7-10%, as well as additional “due diligence fees” that can range from 1-3%.
Are Oil & Gas LPs a suitable investment for you?
Oil & Gas LPs such as Texakoma Operating LP involve a high degree of risk and are typically sold as unregistered securities. They lack the same regulatory oversight as more traditional investment products like stocks or bonds. Additionally, investments in the energy market are risky. The oil & gas market has seen enormous losses over the last few years due to the declining cost of oil and other energy commodities.
The White Law Group is investigating the liability that brokerage firms may have for unsuitably selling oil and gas private placements like Texakoma Operating LP.
Broker dealers that sell alternative investments are required to perform adequate due diligence on all investment recommendations. They must ensure that each investment recommendation that is made is suitable for the investor. Suitability considerations include the investor’s age, risk tolerance, net worth, financial needs, and investment experience.
Additionally, Reg D private placements have high sales commissions and due diligence fees. Brokers have enormous incentive to push the product to unsuspecting investors who do not fully understand the risks. They may misrepresent the basic features of the products – by focusing on the income potential and tax benefits while downplaying the risks.
If you have suffered losses investing in Texakoma Operating LP or another Reg D private placement 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. The firm represents investors throughout the country in claims against their brokerage firm.
For more information on the firm and its representation of investors, visit www.WhiteSecuritiesLaw.com.