Investigating Potential Claims involving Oasis Petroleum
The White Law Group is investigating potential securities fraud claims involving FINRA registered broker dealers who may have unsuitably recommended Oasis Petroleum Inc. to investors.
Oasis Petroleum Inc., an independent exploration and production company, focuses on the acquisition and development of onshore unconventional oil and natural gas resources in the North Dakota and Montana regions of the Williston Basin, and Permian Basin, according to Bloomberg.
The problem with oil & gas investments such as Oasis Petroleum Inc. is that they typically involve a high degree of risk especially since the energy market has seen huge losses since 2014.
Broker dealers are required to perform adequate due diligence on all investment recommendations. They must 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 makes an unsuitable investment recommendations or fails to adequately disclose the risks associated with an investment they may be liable for investment losses through FINRA Arbitration or Mediation. FINRA operates the largest securities dispute resolution forum in the United States, and has extensive experience in providing a fair, efficient and effective venue to handle a securities-related dispute.
Free Consultation with a Securities Attorney
If you are concerned about your investment in Oasis Petroleum Inc. or another oil and gas investment, The White Law Group may be able to help you. For a free consultation with a securities attorney, please contact the offices of The White Law Group at 1-888-637-5510.
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 and its representation of investors, please visit www.WhiteSecuritiesLaw.com.