Asset Sale – Atlas Resources Public #18-2009 (C) L.P.
Are you concerned about your investment in Atlas Resources Public #18-2009 (C) L.P.? If so, the securities attorneys at The White Law Group may be able to help you.
Atlas Resources Partners LP filed for bankruptcy protection on July 26, 2017 and joined dozens of struggling oil and gas producers that were pushed into Chapter 11 after energy prices began dropping in 2014.
Atlas is a subsidiary of Titan Energy. According to SEC filings, as part of the restructuring last year, Titan sold the Appalachian-based assets that were previously included within Atlas Resources Public 18-2009(C), L.P., to Diversified Energy under the name DGOC Series 18(C), L.P., a newly formed Delaware limited partnership.
The White Law Group continues to investigate the liability that brokerage firms may have for improperly selling oil and gas private placements like Atlas Resources Public #18-2009 (C) L.P.
The Trouble with Private Placement Investments
Atlas often raises money through Regulation D private placement offerings like the company did for Atlas Resources Public #18-2009 (C) L.P. 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%.
The trouble with alternative investment products, like Atlas Resources Public #18-2009 (C) L.P., 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 Atlas Resource Partners’ offerings is 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.
Broker dealers that sell alternative investments are required to perform adequate due diligence on all investment recommendations to ensure that each investment is suitable for the investor in light of the investor’s age, risk tolerance, net worth, financial needs, and investment experience.
Brokers typically earn high sales commission and due diligence fees with these types of investments. If investors are not experienced they may not realize that the brokers may focus 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 liable for investment losses in a FINRA arbitration claim.
If you are concerned about your investment in Atlas Resources Public #18-2009 (C) L.P., the securities attorneys at The White Law Group may be able to help you to recover your losses. 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.