Concerned about your investment in Blue Sun Energy, Inc.?
The White Law Group is investigating potential securities claims involving broker-dealers who may have unsuitably recommended Blue Sun Energy, Inc. to investors.
Blue Sun Energy Inc., located in Lakewood, CO, reportedly filed a form D to raise capital from investors in 2014 and the total offering amount was purportedly $15,000,000 with an estimated 10% paid in sales commissions and fees, according to the Reg D.
The company went out of business as per its Chapter 11 liquidation filing under bankruptcy on October 31, 2016, accordin g to Bankruptcy Observer.
Energy investments typically involve a high degree of risk. 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.
Broker dealers 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.