Investigating Potential Claims involving Reef 2010 Drilling Fund L.P.
Have you suffered losses investing in Reef 2010 Drilling Fund L.P. at the recommendation of your financial advisor? If so, the securities attorneys of The White Law Group may be able to help you recover your losses through FINRA arbitration.
According to their website, Reef is an oil and gas company whose sponsored entities currently own an interest in approximately 3,000 wells in the United States. The company’s activities are apparently located in 15 states with the core areas concentrated in the Bakken-Three Forks formations in North Dakota, the Permian Basin in West Texas and the Mid-continent.
The company often raises money for investments through Reg D private placement offerings like the company did for Reef 2011 Private Drilling Fund 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%.
The White Law Group is investigating the liability that brokerage firms may have for recommending Reef 2010 Drilling Fund L.P. to investors.
Financial advisors have a duty to their clients to perform the necessary due diligence on any investment before offering it for sale to their clients. They must ensure that any investment recommendation that is made is suitable in light of the client’s age, investment experience, net worth, and investment objectives.
The White Law Group’s investigation into Reef 2010 Drilling Fund L.P. is a continuation of the firm’s ongoing investigation into other Reef Oil and Gas offerings. Investors in Reef 2010 Drilling Fund L.P. may be able to recover their losses through FINRA arbitration.
If you invested in Reef 2010 Drilling Fund L.P. or another Reef Oil and Gas private placement 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.