Concerned about losses in Noble Royalty Access Fund X LP?
The White Law Group is investigating potential securities fraud claims involving the liability that some broker dealers may have for improperly recommending oil and gas LPs such as Noble Royalty Access Fund X LP (Noble Royalty AF X LP) to investors.
According to its website, the Noble Royalties specializes in the acquisition, funding and management of coal, oil and natural gas royalties. The company was founded in 1997 and offers multiple investment products to accredited investors through various broker-dealers.
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.
Secondary Market Sales
According to LPsales.com, a secondary market for private placements, .5 unit of Noble Royalty Access Fund X LP was recently sold for $13,750. 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.
If you suffered investment losses in Noble Royalty Access Fund X LP or another Noble Investment product, 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.