Investigating Potential Lawsuits involving Heartland Production & Recovery LLC and Heartland Production & Recovery Fund II
Have you suffered losses investing in Heartland Production & Recovery Funds? If so, the securities attorneys at The White Law Group may be able to help you.
According to filings with the SEC, Heartland reportedly filed a Form D to raise capital from investors for the offering Heartland Production & Recovery LLC in 2019. The total offering amount for the oil and gas offering was purportedly $6,600,000 according to the Reg D.
A Reg D was also reportedly filed in 2019 for the offering Heartland Production & Recovery Fund II, LLC. The total offering amount for this debt offering was reportedly $25 million.
Alternative investments such as these, are generally speculative, high-risk investments and due to these risks are often unsuitable for most investors. Despite the risks of investing in alternative investments, brokerage firms continue to push this type of investment because of the high commissions associated with their sale and creation.
Since they are not traded on any exchange, private placement offerings are typically illiquid investments. There are often legal or contractual restrictions on your ability to transfer your holdings, and even if sale of your holdings is permitted there may be no buyers. You may need to hold these securities for an indefinite period of time.
Often companies that issue unlisted securities may provide little or no transparency into their ongoing operations and financial condition.
While some private placement investments may make periodic distributions, others may not make any.
Brokerage firms have a responsibility to adequately disclose all risks before selling any investment and must consider suitability factors such as age, financial needs, and risk tolerance to name a few. Firms that do not perform adequate due diligences on an investment or demonstrate a breach of fiduciary duty can be held accountable for losses incurred through FINRA arbitration.
Potential Lawsuits to Recover Financial Losses
The White Law Group is investigating potential securities claims involving broker dealers who may have improperly recommended Heartland Production & Recovery LLC or Heartland Production Recovery Fund II to investors.
If you have suffered losses investing in Heartland Production & Recovery LLC or Heartland Production Recovery Fund II, the securities attorneys at The White Law Group may be able to help you. Please call the offices at (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 Seattle, Washington.
For more information on The White Law Group, please visit our website at www.whitesecuritieslaw.com.