Have you suffered losses investing in SandRidge Energy at the recommendation of a financial advisor? If so, the securities attorneys of The White Law Group may be able to help you recover those losses through a FINRA arbitration claim.
SandRidge Energy, Inc. is an oil and natural gas company headquartered in Oklahoma City, Oklahoma with its principal focus on exploration and production. In order to raise money for its operations, SandRidge Energy has used the services of broker-dealers to sell “private placement” interests.There are now reports that certain of these private placement interests are down as much as 90%.
On May 16th, SandRidge filed for Chapter 11 Bankruptcy Protection, the latest victim in the downturn of oil prices. SandRidge listed $7 billion in assets and $4 billion in debt on its Chapter 11 bankruptcy petition, filed in the U.S. Bankruptcy Court for the Southern District of Texas.
The White Law Group is continuing to investigate the liability that broker-dealers and financial professionals may have for improperly recommending SandRidge Energy investments to its clients.
Brokerage firms and financial advisors have a fiduciary duty to perform adequate due diligence on any investment they recommend and to ensure that such recommendations are appropriate for their client in light of that particular clients’ age, income, investment experience, investment objectives, and net worth.
If you suffered losses investing in SandRidge Energy, please call the securities attorneys of The White Law Group at (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 White Law Group, visit https://www.whitesecuritieslaw.com.