Have you suffered losses investing in Sun River Energy? If so, the securities attorneys of The White Law Group may be able to help you recover your losses in a FINRA arbitration claim against the brokerage firm that recommended the investment.
According to Bloomberg, Sun River Energy, Inc. engages in the exploration and production of oil and gas in the United States. It primarily holds interests in the Raton Basin located in Colfax County, New Mexico; and in various counties in the east Texas basin. The company is headquartered in Dallas, Texas. On May 21, 2015, an involuntary petition for liquidation under Chapter 7 was filed against Sun River Energy, Inc. in the U.S. Bankruptcy Court for the District of Colorado. On June 17, 2015, the involuntary petition was approved by the Court. Sun River Energy was one of many oil and gas companies that declared bankruptcy in 2015 due to diving oil prices.
Unfortunately, many investors were not made adequately aware of the risks associated with energy investments. Oil and gas investments are generally speculative and can be very high risk ventures. They are arguably better suited for sophisticated and institutional investors that can afford total loss of their investment. Even bonds in the oil and gas industry, which many investors think of as “safe,” are not without risk.
Before recommending an investment, your broker has a fiduciary duty to adequately disclose the risks involved in the investment and to perform the necessary due diligence to determine if the investment is suitable for the investor. Brokers that fail to perform the necessary due diligence prior to recommending them to clients could be liable for investment losses.
To determine whether you may be able to recover investment losses incurred in Sun River Energy please contact The White Law Group at (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. Visit our homepage to learn more about the firm.