Have you suffered investment losses in APX Drilling Partners 2013-B, LP? If so, The White Law Group may be able to help you recover your losses by filing a FINRA Dispute Resolution claim against the brokerage firm that sold you the investment.
APX Energy is the managing general partner for several drilling partnerships. According to their website, APX Energy is an independent oil and gas exploration company that targets ready to drill projects in undeveloped areas primarily on the Illinois Basin and other areas in the southern U.S.
The trouble with alternative investment products, like APX Drilling Partners, is that they involve a much greater degree of risk compared to traditional investments, such as stocks, bonds or mutual funds. Limited partnerships are typically sold as unregistered securities and lack the same regulatory oversight as more traditional investment products.
In general, limited partnerships are more complex, often lack liquidity and are considered high risk speculative investments which makes them better suited for sophisticated and institutional investors.
Unfortunately, some brokers may have downplayed the risks associated with limited partnerships and misled investors into thinking that they are “safe” investment products. The high sales commission brokers earn for selling such products may provide some brokers with enough incentive to push the product to unsuspecting investors.
Broker dealers that sell limited partnerships 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.
If a broker makes an unsuitable investment recommendations or fails to adequately disclose the risks associated with an investment they may be liable for investment losses.
To determine whether you may be able to recover investment losses incurred as a result of your purchase APX Drilling Partners 2013-B, or another APX partnership, please contact The White Law Group at 1-800-637-5510 for a free consultation.
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 Franklin, Tennessee. For more information on the firm, visit www.WhiteSecuritiesLaw.com.