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Written by 12:41 pm Blog, Current Investigations

Waveland Energy Partners LLC

Waveland Energy Partners LLC

Securities Investigation – Waveland Energy Partners LLC

Are you concerned about your investment in Waveland Energy Partners LLC? 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.

Waveland Energy Partners LLC is a subsidiary of Waveland Capital Partners and engages in providing financing for unconventional dewatering projects in the Mid-Continent region of the United States, according to Bloomberg.

The company reportedly finances mining of bypassed oil and gas reserves in and surrounding conventional producing fields. The company was founded in 2001 and is based in Irvine, California.

According to SEC filings, Waveland Energy Partners LLC filed a Form D to raise capital from investors in 2010. Investments such as these are typically sold by brokerage firms in exchange for a large up front commission. High fees can range from 7-10%, as well as additional “due diligence fees” that can range from 1-3%. In this case, there is a 3% “placement agent fee”, according to the Form D.

The problem with private placement investments such as Waveland Energy Partners LLC is that they typically involve a high degree of risk. They are also often sold as unregistered securities which lack the same regulatory oversight as more traditional investment products like stocks or bonds.

Investigating Potential Claims

The White Law Group is investigating the liability that FINRA registered brokerage firms may have for unsuitably recommending high-risk private placements, like Waveland Energy Partners LLC to investors.

Despite the risks of investing in private placements, brokerage firms continue to push this type of investment because of the high commissions associated with their sale and creation.

If you have concerns regarding your investment in Waveland Energy Partners LLC and would like to speak with a securities attorney about your options, please call The White Law Group at 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 White Law Group and its representation of investors in FINRA arbitration claims, visithttps://whitesecuritieslaw.com.

 

 

 

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