Rockies Region 2006/2007 Limited Partnership – Securities investigation
Are you concerned about your investment in Rockies Region 2006 Limited Partnership? If so, the securities attorneys at The White Law Group may be able to help you.
Rockies Region 2006 Limited Partnership reportedly engages in the development, production, and sale of crude oil, natural gas, and natural gas liquids in the United States. It owns an undivided working interest in 43.9 net productive crude oil and natural gas wells located in the Wattenberg Field within the Denver-Julesburg Basin, northeast of Denver, Colorado.
According to Hayne & Boone, Rockies Region 2006 Limited Partnership and Rockies Region 2007 Limited Partnership filed for bankruptcy protection on October 30, 2018.
Rockies Region 2006 Limited Partnership filed a form D private placement to raise capital from investors 2006 in Bridgeport, West Virginia.
The trouble with alternative investment products, like Rockies Region 2006 Limited Partnership, is that they involve a high degree of risk. They are typically sold as unregistered securities which lack the same regulatory oversight as more traditional investment products like stocks or bonds.
An additional risk inherent to these offerings is also the general risk that comes with the energy market. The energy market has seen enormous losses over the last few years due to the declining cost of oil and other energy commodities. These investments may seem wise at first, until the dramatic drop in distributions.
Investigating Potential Claims
Broker dealers that sell alternative investments are required to perform adequate due diligence on all investment recommendations. They must ensure that each investment recommendation that is made is suitable for the investor in light of the investor’s age, risk tolerance, net worth, financial needs, and investment experience.
However, another issue with alternative investments is that the high sales commissions and due diligence fees. These high commissions and fees can provide brokers with an enormous incentive to push the product to unsuspecting investors who do not fully understand the risks. They may misrepresent the basic features of the products – usually focusing on the income potential and tax benefits while downplaying the risks.
Fortunately, FINRA does provide for an arbitration forum for investors to resolve such disputes. 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.
Free Consultation with a Securities Attorney
The White Law Group is investigating potential claims involving broker dealers who may have unsuitably recommended Rockies Region 2006 Limited Partnership and Rockies Region 2007 Limited Partnership to investors.
If you are concerned about your investment in Rockies Region 2006 Limited Partnership or another private placement investment, 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.