Recover your Losses – Reef Global Energy IX LP
Are you concerned about investment losses in Reef Global Energy IX LP? If so, The White Law Group may be able to help you recover your losses by filing a FINRA Dispute Resolution claim against the brokerage firm that sold you the investment.
According to the website, Reef Oil and Gas L.P. strives to develop, exploit, and produce oil and natural gas properties and operate wells drilled. The company is currently based in Richardson, Texas and has offered numerous public and private partnerships over the years.
The trouble with alternative investment products, like Reef Global Energy IX LP, is that they involve a high degree of risk. They are typically sold as unregistered securities which lack the same regulatory oversight as more traditional investment products like stocks or bonds.
An additional risk inherent to Reef Oil and Gas offerings is also the general risk that comes with the energy market. The energy market has seen enormous losses over the last few years due to the declining cost of oil and other energy commodities. These investments may seem wise at first, until the dramatic drop in distributions.
Many oil and gas LPs are struggling to make distribution payments and some may end up defunct.
Investigating Potential Claims in Reef Global Energy IX
The White Law Group is investigating the liability that brokerage firms may have for improperly selling oil and gas investments like Reef Global Energy IX LP to investors. Specifically, the firm is investigating the following offerings, among others:
Reef Global Energy I LP
Reef Global Energy II LP
Reef Global Energy III LP
Reef Global Energy IV LP
Reef Global Energy V LP
Reef Global Energy VI LP
Reef Global Energy VIII LP
Reef Global Energy IX 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 in light of the investor’s age, risk tolerance, net worth, financial needs, and investment experience.
However, another issue with alternative investments is that the high sales commissions and due diligence fees. These high commissions and fees can provide brokers with an 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 – usually focusing on the income potential and tax benefits while downplaying the risks.
Fortunately, FINRA does provide for an arbitration forum for investors to resolve such disputes. 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 found liable for investment losses in a FINRA arbitration claim.
Free Consultation with a Securities Attorney
To determine whether you may be able to recover investment losses incurred as a result of your purchase of Reef Global Energy IX LP or another Reef 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. 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.