Investigating Potential Lawsuits, FSH Bakken Drilling Fund I LLC
Are you concerned about your investment in the FSH Bakken Drilling Fund I LLC? If so, the securities attorneys at The White Law Group may be able to help you recover your losses by filing a complaint against the brokerage firm that sold you the investment.
According to SEC filings, the company raised capital from investors in 2012 with the offering FSH Bakken Drilling Fund I LLC. The total offering amount was purportedly $25,000,000.
The trouble with alternative investment products is that they involve a high degree of risk and are typically sold as unregistered securities which lack the same regulatory oversight as more traditional investment products like stocks and bonds. An additional risk inherent to this type of investment is the general risk that comes with the energy market – a market that has seen enormous losses due to the market crisis amid the Covid-19 global pandemic.
Further, Reg D private placements are typically sold by brokerage firms in exchange for a large up front commission, usually between 7-10%.
Filing a Complaint against your Brokerage Firm
Broker dealers 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.
Reg D private placements is that the high sales commission brokers earn for selling such products. Some brokers may push the product to unsuspecting investors who do not fully understand the risks of these types of products.
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 securities claims involving broker dealers who may have unsuitably recommended FSH Bakken Drilling Fund I LLC to investors.
To determine whether you may be able to recover investment losses in FSH Bakken Drilling Fund I LLC, 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. The firm works on a contingency fee basis and may be able to represent you in a complaint against your brokerage firm.
For more information on the firm, visit www.WhiteSecuritiesLaw.com.