Old Ironsides Energy Fund II-A LP Investigating Potential Lawsuits
Are you concerned about your investment in Old Ironsides Energy Fund II-A LP? If so, the securities attorneys at The White Law Group may be able to help you by filing a FINRA Dispute Resolution claim against the brokerage firm that sold you the investment.
Old Ironsides Energy acquires and develops assets in the upstream and midstream sectors of the oil and gas industry in the United States and Canada.
According to SEC filings, the company filed a Form D to raise capital from 45 investors in 2015. The offering type was a pooled investment fund. Campbell Lutyens & Co. Ltd. was purportedly a sales compensation recipient for the fund, according to the Reg D.
The White Law Group is investigating potential securities fraud claims involving FINRA registered brokerage firms who may have unsuitably recommended alternative investments such as Old Ironsides Energy offerings to investors.
These investments are often riskier and more complicated than traditional investments, and are only suitable for high net worth, sophisticated investors. They often have high fees and sales commissions, making them an attractive product for financial advisors to sell.
Broker dealers are required to perform adequate due diligence on any investment they recommend. They must ensure that all recommendations are suitable for the investor. Recommendations should be in line with the investor’s age, risk tolerance, net worth, and investment experience.
Despite the risks of investing in this type of alternative investments, brokerage firms continue to push this type of investment because of the high commissions associated with their sale and creation.
If you are concerned about your investment in Old Ironsides Energy Fund II-A LP or another Old Ironsides Energy offering the White Law Group may be able to help you. To speak with a securities attorney about your options, please call The White Law Group at 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 Franklin, Tennessee.
For more information on The White Law Group and its representation of investors in FINRA arbitration claims, visit https://www.whitesecuritieslaw.com.