Securities Investigation, ICON Oil & Gas Fund LP
Are you concerned about your investment with ICON Oil & Gas Fund LP ? If so, the securities attorneys at The White Law Group may be able to help you by filing a FINRA Arbitration claim.
ICON Oil and Gas Fund, a publicly-registered energy offering, was reportedly formed to enable investors to invest in partnerships that own working interests in oil and liquids-rich natural gas development wells.
According to the prospectus, risks and limitations for investing in ICON Oil and GAs Fund include the following: “a portion of distributions may be a return of capital; investment return may be adversely affected by the uncertainty of oil and natural gas prices as well as unprofitable wells; expenses paid to affiliates will reduce cash distributions; illiquidity of interests; limited voting rights; management decisions may be subject to conflicts of interest.”
Investigating Potential Securities Claims
The White Law Group is investigating potential securities claims involving broker dealers who may have improperly recommended the following ICON offerings to investors:
ICON Oil & Gas Fund LP
ICON Oil & Gas Fund-A LP
ICON Oil & Gas Fund-B LP
ICON Oil & Gas Fund-C LP
Securities markets have taken a huge hit amidst the Covid-19 global pandemic, and oil prices are at an all-time low. Oil and gas limited partnerships such as ICON Oil & Gas fund typically involve a high degree of risk. 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 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 ICON Oil & Gas Fund LP, 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.