Investigating Potential Claims Involving Paragon Offshore Fund BVI LTD
Have you suffered losses investing in Paragon Offshore Fund BVI LTD at the recommendation of your broker? If so, the securities attorneys at The White Law Group may be able to help you recover your losses through FINRA Arbitration.
Paragon Offshore (OTCMKTS: OTCPK:PGNPQ) is an offshore driller that operates a large fleet of offshore jackups. Since the start of the oil crash, the company has seen its stock price drop rapidly to present share prices of $.026 per share. The company was originally formed in 2014 by Noble Corporation (NYSE: NE), when the company spun off its older rigs.
According to its Form D SEC filing, Paragon applied for Paragon Offshore Fund BVI LTD in Chicago, IL. The Form D was filed in 2009.
Risks Investing in Reg D Private Placements
Private placements are a means for smaller companies to raise capital through the sale of equity or debt securities without having to register their securities with the SEC. These investments are often riskier and more complicated than traditional investments, and are only suitable for high net worth, sophisticated investors.
The White Law Group is investigating the liability that FINRA registered brokerage firms may have for improperly selling alternative investment products like Paragon Offshore Fund BVI LTD to their clients.
Despite the risks of investing in this type of alternative investments, brokerage firms continue to push this type of investment because of the high commissions associated with their sale and creation.
If you have concerns regarding your investment in Paragon Offshore Fund BVI LTD or another private placement investment and would like to speak with a securities attorney about your options, please call 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.
For more information on The White Law Group and its representation of investors in FINRA arbitration claims, visit https://www.whitesecuritieslaw.com.