Securities Fraud Investigation – Breitling Oil & Gas
Have you suffered investment losses in Breitling Oil and Gas? If so, the securities attorneys at The White Law Group may be able to help you recover your losses through FINRA Arbitration.
Breitling Oil and Gas Corporation operates as an energy company, according to Bloomberg. The Company engages in exploration and development of onshore oil and gas properties. Breitling Oil and Gas serves customers in the United States.
As we told you last October, the SEC charged Christopher Faulkner, Breitling’s CEO, with allegedly running an $80 million oil and gas fraud scheme.
Faulkner was charged with with disseminating false and misleading offering materials, misappropriating millions of dollars of investor funds and attempting to manipulate BECC’s stock.
According to SEC filings, from 2009 thru 2013 Breitling raised money from investors through Regulation D private placement offerings. Reg D private placements are typically sold by brokerage firms in exchange for a large up front commission.
The trouble with alternative investment products, like Breitling Oil & Gas, is that they involve a much greater degree of risk compared to traditional investments, such as stocks, bonds or mutual funds. Alternative investments are typically sold as unregistered securities and lack the same regulatory oversight as more traditional investment products.
An additional risk inherent to Breitling offerings is also the general risk that comes with the energy market – a market that has seen enormous losses over the last few years.
Broker dealers that sell alternative investments 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 or brokerage firm makes an unsuitable investment recommendation or fails to adequately disclose the risks associated with an investment they may be liable for investment losses.
The White Law Group is investigating potential claims involving broker dealers who may have unsuitably recommended Breitling Oil & Gas to investors.
To determine whether you may be able to recover investment losses incurred as a result of your purchase of Breitling Oil & Gas, please contact The White Law Group at 1-888-637-5510 for a free consultation.
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.