Investigating potential claims involving Bakken Drilling Fund IV LP
Have you suffered losses investing with Bakken Drilling Fund IV LP? If so, 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.
Bakken Drilling Fund IV LP is a Regulation D private placement investment sponsored by Coachman Energy, and based out of Greenwood Village, CO. The form D was filed in 2013. The total offering amount was $50,000,000.
Coachman Energy Partners operates as an energy company that focuses on pursuing opportunities in the Bakken Shale and other unconventional shale oil plays in North America, according to Bloomberg. The company’s asset portfolio includes working interest positions in mineral acreage, proved undeveloped drilling prospects, and producing assets in North Dakota, Montana, and Colorado. It also focuses on acquiring oil and gas assets in Kansas, Oklahoma, Wyoming, and Texas.
Many oil and gas LPs have high expense ratios, and due to the decline in the overall health of the oil and gas market, are suffering. Some are on the brink of default, or worse yet, bankruptcy. Such an outcome is extreme, but not unforeseen. It only highlights the unsuitability of these investments for most retail investors – particularly in large concentrations.
For many investors, the decline in oil prices in the last two years may be cause for concern. Oil and gas investments involve substantial risks and are only appropriate for sophisticated investors.
The White Law Group is investigating the liability that brokerage firms may have for selling Bakken Drilling Fund IV and other Coachman Energy offerings.
Before recommending an investment, a broker-dealer has a fiduciary duty to adequately disclose the risks involved in the investment and to perform the necessary due diligence to determine whether the investment is suitable for the investor.
Unfortunately, the high commissions associated with oil and gas partnerships may provide broker-dealers with enough incentive to overlook FINRA suitability and due diligence requirements. According to the Form D, the commissions for sales of Bakken Drilling Fund IV are “Up to 8.35% to pay broker commission and wholesaling fee and up to 1% to pay managing broker dealer fee.”
If you have suffered investment losses in Bakken Drilling Fund IV LP you may be able to recover your losses. For a free consultation with a securities attorney, please contact The White Law Group at (888) 637-5510.
The White Law Group, LLC is a national securities fraud, securities arbitration, investor protection, and securities regulation/compliance law firm with offices in Chicago, Illinois and Vero Beach, Florida.
For more information on The White Law Group, please visit our website at www.WhiteSecuritiesLaw.com.