Concerned about investment losses in Reef Oil & Gas Drilling and Income Fund?
Have you suffered investment losses in Reef Oil & Gas Drilling and Income Fund? 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.
Many oil and gas LPs have high expense ratios, and due to the decline in the overall health of the oil and gas market, are suffering. Some are on the brink of default, or worse yet, bankruptcy. Such an outcome is extreme, but not unforeseen. It only highlights the unsuitability of these investments for most retail investors – particularly in large concentrations.
According to their website, Reef is an oil and gas company. Reef sponsored entities currently own an interest in approximately 3,000 wells in the United States. The company’s activities are reportedly located in 15 states with the core areas concentrated in the Bakken-Three Forks formations in North Dakota, the Permian Basin in West Texas and the Mid-continent.
Reef Oil & Gas offerings 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 and bonds. An additional risk inherent to Reef Oil and Gas offerings is also the general risk that comes with the energy market – a market that has seen enormous losses over the last few years.
Is this a suitable investment for you?
Broker dealers 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 or brokerage firm makes an unsuitable investment recommendation or fails to adequately disclose the risks associated with an investment they may be liable for investment losses.
If you suffered investment losses Reef Oil & Gas Drilling and Income Fund or another Reef Oil and Gas offering you may be able to recover your losses. 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. For more information on the firm, visit www.WhiteSecuritiesLaw.com.