Recovery of Investment Losses in Adwar Drilling Fund I LP
Have you suffered investment losses in Adwar Drilling Fund I 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.
According to Bloomberg, Adwar Drilling Fund I, LP operates in the oil and gas sector. The company was incorporated in 2011 and is based in Las Vegas, Nevada.
The White Law Group is investigating the liability that brokerage firms may have for improperly selling private placements like Adwar Drilling Fund I LP and Adwar Drilling Fund II LP.
The Trouble with Reg D Private Placements
The trouble with alternative investment products, like Adwar Drilling Fund I LP, is that they involve a high degree of risk. They are typically sold as unregistered securities which lack the same regulatory oversight as more traditional investment products like stocks or bonds.
Broker dealers that sell alternative investments are required to perform adequate due diligence on all investment recommendations. They must ensure that each investment recommendation is suitable for the investor in light of the investor’s age, risk tolerance, net worth, financial needs, and investment experience.
Another problem with Reg D private placements is that the high sales commissions and due diligence fees the brokers earn for selling such products may provide brokers with an enormous incentive to push the product. Unsophisticated investors may not fully understand the risks of these types of investments. Brokers may even misrepresent the basic features of the products –focusing on the income potential and tax benefits while downplaying the risks.
Fortunately, FINRA does provide for an arbitration forum for investors to resolve such disputes and if a broker or brokerage firm makes an unsuitable investment recommendation or fails to adequately disclose the risks associated with an investment they may be found liable for investment losses in a FINRA arbitration claim.
You may be able to recover investment losses incurred as a result of your purchase of Adwar Drilling Fund I LP and/or Adwar Drilling Fund II LP. Please contact 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 Franklin, Tennessee. The firm represents investors throughout the country in claims against their brokerage firm.
For more information on the firm and its representation of investors, visit www.WhiteSecuritiesLaw.com.