Investigating Potential Claims Involving Hickory Royalties
Have you suffered losses investing in Hickory Royalties LLC at the recommendation of your broker? 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.
Noble Royalties offers multiple investment products to accredited investors through various broker-dealers. The White Law Group is investigating the liability some broker-dealers may have for selling Noble investment products, such as Hickory Royalties, to unsuitable investors.
According to a letter to investors on June 26, 2015, American Eagle Energy, which represented more than 90% of the cash flow of the Hickory Properties, reportedly filed for Chapter 11 bankruptcy protection. Consequently, the letter indicated that all royalty payments to investors of Hickory Royalties were suspended.
Oil and Gas Private Placements – Suitable for you?
Oil and gas private placements, like many of the Noble investment products, are often speculative ventures. Private placements have little regulatory oversight and as such are intended only for accredited investors.
Broker-dealers are required by the Financial Industry Regulatory Authority (FINRA) to sell private placements only to accredited investors that meet suitability standards.
The investors’ age, risk tolerance, net worth, and investment experience must be considered to determine suitability for each investor. Broker-dealers that overlook FINRA suitability requirements can be liable for investment losses through FINRA arbitration.
Did you suffer significant losses in Hickory Royalties LLC? If so and you’d like to learn more about your legal options against the broker-dealer that sold you the Noble Royalties investment, please contact 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.