Investigating Potential Claims – Ledger Petroleum LLC
The White Law Group is investigating the liability that FINRA registered brokerage firms may have for improperly selling high-risk oil and gas investments, like Ledger Petroleum LLC, to its clients.
Ledger Petroleum, based in Abilene, Texas, is a privately held asset management firm that specializes in acquiring and managing non-operated working interests in producing oil and gas properties. The company reportedly filed a REG D to raise capital from investors in 2015, with proceeds to be used to purchase oil and gas producing properties throughout the US, according to the DI Wire. The form D indicates that the total amount sold was purportedly $7,500,000, with sales and commissions estimated at 10.5% of the total offering amount.
Investigating Potential Securities Claims
Energy investments such as Ledger Petroleum 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.
Prior to making recommendations to an individual investor, brokerage firms are required by the Financial Industry Regulatory Authority (FINRA) to disclose all the risks of an investment. Recommendations should only be made if the investment is suitable for an individual investor given their age, investment objections, investment experience and risk tolerance.
Brokerage firms that do not perform adequate due diligence on an investment and/or make unsuitable recommendations can be held accountable for investment losses through FINRA arbitration.
If you are concerned about your investment in Ledger Petroleum LLC, The White Law Group may be able to help. Please call the offices at 888-637-5510 for a free consultation with a securities attorney.
The White Law Group is a national securities fraud, securities arbitration, and investor protection law firm with offices in Chicago, Illinois. For more information on The White Law Group and its representation of investors in FINRA arbitration claims, please visit https://www.whitesecuritieslaw.com.