Investigation of Reef Bakken Bear Cat Drilling Fund L.P.
Have you suffered investment losses in Reef Bakken Bear Cat Drilling Fund L.P.? If so, The White Law Group may be able to help.
Reef Bakken Bear Cat Drilling Fund, L.P. is an oil and gas private placement sponsored by Reef Oil and Gas Companies, based in Richardson, Texas. The company engages in oil and natural gas exploration, production and property acquisitions.
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 recent decline in gas prices 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 Reef Bakken Bear Cat Drilling Fund limited partnership interests.
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 often provides broker-dealers with enough incentive to overlook FINRA suitability and due diligence requirements
To determine whether you may be able to recover investment losses incurred as a result of your purchase of Reef Bakken Bear Cat Drilling Fund, 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.