Recovery of Investment Losses – Reef 2015 Oil & Gas Opportunity Fund #1 L.P.
Have you suffered investment losses in Reef 2015 Oil & Gas Opportunity Fund #1 L.P.? If so, the securities attorneys at The White Law Group may be able to help you recover your losses through a FINRA Dispute Resolution claim.
The White Law Group is investigating the liability that FINRA registered brokerage firms may have for recommending high-risk oil and gas investments like Reef 2015 Oil & Gas Opportunity Fund #1 L.P. The firm has handled a number of claims involving Reef Oil and Gas.
In those claims, the firm has alleged, among other things, that the Reef Oil and Gas investments were:
(1) high-risk and unsuitable for our clients given their financial situation, needs and investment objectives,
(2) that the risks of the investment were not fully disclosed to them
(3) that the brokerage firms failed to conduct the proper due diligence with respect to the Reef investments (as the firms are required to do by FINRA Rules).
Oil & Gas Limited Partnerships are Speculative
Oil & Gas limited partnerships are high-risk speculative ventures that often lack liquidity. In addition, limited partnerships offer extremely high commission fees that are often 3-4 times higher than more traditional investments, like mutual funds or bonds.
Additionally, oil and gas limited partnerships lack the same regulatory oversight as other investment products.
Broker dealers are required to perform adequate due diligence on all investment recommendations to 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.
If you have suffered losses investing in Reef 2015 Oil & Gas Opportunity Fund #1 L.P. you may have recovery options. For a free consultation with a securities fraud attorney, please call the offices 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 firm, visit www.WhiteSecuritiesLaw.com.