Investor Alert: New Global Energy
Are you concerned about your investment in New Global Energy? If so, the securities attorneys at The White Law Group may be able to help you.
According to its website, New Global Energy Inc. is a public company (symbol: NGEY) traded on the OTCQB, focused on aquaculture (fish farming), agriculture (Moringa) and the health and wellness industry. The Company’s core business is the production of sustainably raised fish and moringa, on farms located in Southern California’s prolific Coachella Valley located just 150 miles from downtown Los Angeles.
According to a recent SEC administrative order, New Global Energy, Inc. is delinquent in its periodic filings with the Commission. The company has not filed any periodic reports since it filed a Form 10-Q for the period ended June 30, 2016, which reported a net loss of $2,490,710 for the six months ended June 30, 2016.
Investigating Potential Claims
The White Law Group is investigating potential claims involving broker dealers who may have unsuitably recommended New Global Energy to investors.
Broker-dealers have a legal obligation to act in the best interest of their clients and have to demonstrate adequate due diligence on an investment before recommending the investment to a client. Furthermore, recommendations should be consistent with an individual’s age, risk tolerance, financial objectives, and investment knowledge.
Broker-dealers that have not done their fiduciary duty or adequately disclose the risks when selling investments may be held liable for damages lost through FINRA arbitration claims.
If you are concerned about your investment in New Global Energy, The White Law Group may be able to help you. For a free consultation with a securities attorney, please call 888-637-5510.
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://whitesecuritieslaw.com.