Recover your investment losses in Noble Royalty Access Fund VI
Did you lose money investing in Noble Royalty Access Fund VI at the recommendation of your financial advisor? 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 Noble Royalties website, the company specializes in the acquisition, funding and management of coal, oil and natural gas royalties. Noble Royalties was founded in 1997 and offers multiple investment products to accredited investors through various broker-dealers.
The White Law Group continues to investigate the liability some broker-dealers may have for selling Noble investment products, particularly Noble Royalty Access Fund VI, to unsuitable investors.
Oil and gas private placements, like many of the Noble investment products, are often speculative ventures. Private placements are light in regulatory oversight and as such intended for accredited investors.
The problem with Reg D private placements is that the high sales commissions and due diligence fees the brokers earn for selling such products sometimes can provide brokers with an enormous incentive to push the product to unsuspecting investors who do not fully understand the risks of these types of investments or to outright misrepresent the basic features of the products – usually focusing on the income potential and tax benefits while downplaying the risks.
Another problem with private placements is the lack of liquidity. Investors looking to sell often have difficulty finding a buyer, and can suffer significant losses on the sale.
According to LPsales.com, a secondary market for private placements, one unit of Noble Royalty Access Fund VI was recently sold for $12,500. This may represent a significant loss for many investors.
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.
To determine whether you may be able to recover investment losses incurred as a result of your purchase of Noble Royalty Access Fund VI or another Noble Investment product, please contact The White Law Group at 1-888-637-5510 for a free consultation.
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. 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.