Breitburn Energy Partners Investment Losses
Have you suffered losses investing in Breitburn Energy Partners? If so, the securities attorneys of The White Law Group may be able to help you recover your losses through a FINRA arbitration claim against the brokerage firm that recommended Breitburn Energy Partners to you.
Breitburn Energy Partners filed for chapter 11 bankruptcy protection May 15. Distributions to common shareholders were cut, then suspended last year. Papers filed in the U.S. Bankruptcy Court in New York, state that Breitburn has assets of $4.7 billion and debts of $3.4 billion as of March 31.
Breitburn is an independent oil and gas master limited partnership (MLP) focused on the acquisition, exploitation, development and production of oil and gas properties in the United States, according to its website. An MLP is a limited partnership which trades publicly on an exchange and thus, provides not only the tax benefits of a limited partnership, but also the liquidity of publicly traded securities.
The White Law Group has filed a number of claims involving high risk MLP investments like Breitburn Energy Partners. The firm continues to investigate potential claims against the broker dealers that sold these high risk investments onto unsuspecting investors.
Broker dealers are required to perform adequate due diligence on any investment they recommend and to ensure that all recommendations are suitable for the investor. Recommendations should be appropriate in light of the investor’s age, risk tolerance, net worth, and investment experience.
Broker dealers that fail to adequately disclose risks or make unsuitable investment recommendations can be held liable for investment losses in a FINRA arbitration claim.
Recovery of Investment Losses
If you have invested in Breitburn Energy Partners and would like to speak to a securities attorney about the potential to recover your investment losses, please call The White Law Group at 1-888-637-5510 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 Vero Beach, Florida. To learn more about The White Law Group visit www.whitesecuritieslaw.com.