Eco-Stim Energy Solutions, Inc. files Chapter 11 Bankruptcy Protection
Concerned about your investment in Eco-Stim Energy Solutions?
Are you concerned about your investment in Eco-Stim Energy Solutions? If so, the securities attorneys at The White Law Group may be able to help you by filing a FINRA Arbitration claim against the brokerage firm that sold you the investment.
Eco–Stim Energy Solutions, Inc. is an oilfield services company, which reportedly engages in the provision of well stimulation, coiled tubing, and field management services to the upstream oil and gas industry. The company was founded on November 20, 2003 and is headquartered in Katy, TX.
The company reportedly filed a form D to raise capital from investors in 2017. The total offering amount sold was purportedly $41,354,301. The offering type was equity, according to the Reg D.
According to public records, on April 16, 2020, the company filed for Chapter 11 bankruptcy protection in the Texas Southern Bankruptcy Court with $1 million – $10 million in assets and $10 million – $50 million in liabilities.
Investigating Potential Securities Claims
Energy investments such as Eco-Stim Energy Solutions 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.
The White Law Group is investigating the liability that FINRA registered brokerage firms may have for improperly selling high-risk energy investments, like Eco-Stim Energy Solutions, to their clients.
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 Eco-Stim Energy Solutions, 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 and Franklin, Tennessee.
For more information on The White Law Group and its representation of investors in FINRA arbitration claims, please visit https://www.whitesecuritieslaw.com.