November 1, 2018 Comments (0) Blog

Pengrowth Energy Corp. – Securities Investigation

Pengrowth Energy Corp.

Investigating Claims – Pengrowth Energy Corp.

Are you concerned about your investment in Pengrowth Energy Corp.? If so, the securities attorneys at The White Law Group may be able to help you by filing a FINRA Arbitration claim against the brokerage firm that sold you the investment.

Pengrowth Energy Corp. (TSX:PGF) (NYSE:PGH)  is a Canadian energy company focused on the sustainable development and production of oil and natural gas in Western Canada from its Lindbergh thermal oil property and its Groundbirch Montney gas property, according to its website. The Company is based in Calgary, Alberta, Canada.

According to a press announcement on June 1, 2018, the company received a delisting notification from the New York Stock Exchange (NYSE). The Company reportedly received notice on December 1, 2017 that its share price had fallen below the NYSE’s continued listing standard for average closing price of less than U.S. $1.00 over a consecutive 30 trading-day period.

The White Law Group is investigating the liability that FINRA registered brokerage firms may have for unsuitably recommending Pengrowth Energy Corp. to investors.

Brokerage firms are required to perform due diligence on any offering they recommend and to ensure that all recommendations made are suitable in light of the client’s age, investment experience, net worth, income, and investment objectives.

If a firm fails to perform due diligence or makes an unsuitable recommendation, the broker-dealer can be held responsible for any losses in a FINRA arbitration claim.

FINRA can help resolve problems and disputes through two non-judicial proceedings: arbitration and mediation. FINRA’s Dispute Resolution forum handles nearly all of the securities-related arbitrations and mediations in the United States.

Free Consultation with a Securities Attorney

If you have concerns regarding your investment in Pengrowth Energy Corp. the securities attorneys at The White Law Group may be able to help you. For a free consultation, please call the offices of The White Law Group at 888-637-5510.

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.

For more information on The White Law Group and its representation of investors in FINRA arbitration claims, visit https://www.whitesecuritieslaw.com.