Hard Rock Partners 2011-A L.P. Drilling Program – Investigating Potential Claims
The White Law Group is investigating potential claims involving broker dealers who may have unsuitably recommended Hard Rock Partners 2011-A L.P. Drilling Program or to investors.
If you suffered losses investing in Hard Rock Partners 2011-A L.P. or another Hard Rock offering, the securities attorneys at The White Law Group may be able to help you recover your losses through FINRA Arbitration.
Hard Rock Exploration, Inc. is an independent oil and gas development company that sponsors drilling programs such as Hard Rock Partners 2011-A L.P. Drilling Program to raise money from investors. The company was founded in 2003 and is located in Charleston, West Virginia.
Hard Rock Exploration, Inc. along with its affiliates filed a voluntary petition for reorganization under Chapter 11 in the U.S. Bankruptcy Court for the Southern District of West Virginia on September 5, 2017.
Recovery of Investment Losses
The trouble with alternative investment products, like Hard Rock Partners 2011-A L.P. Drilling Program, is that they involve a high degree of risk and are typically sold as unregistered securities which lack the same regulatory oversight as more traditional investment products like stocks or bonds.
Broker dealers are required to perform adequate due diligence on all investment recommendations. They must ensure that each investment recommendation that is made is suitable for the investor in light of the investor’s age, risk tolerance, net worth, financial needs, and investment experience.
Brokers often push this type of investment because they have high sales commissions and due diligence fees. Often the financial advisor or broker will focus 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.
If you suffered investment losses in Hard Rock Partners 2011-A L.P. Drilling Program, the securities attorneys at The White Law Group may be able to help you. Please contact our offices 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.