Concerned about your investment in Legend Oil & Gas LTD?
Are you concerned about your investment in Legend Oil & Gas LTD? 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.
Legend Oil & Gas Ltd., headquartered in Alpharetta, GA, reportedly explores and develops oil and natural gas properties through two segments, Legend and Maxxon. The Legend segment is an oil and gas exploration, development, and production company. The Maxxon segment handles the trucking and oil and gas services that operates in North Dakota, according to MarketWatch.
According to SEC filings, the company filed a form D to raise capital from investors in 2012. The offering type was equity and the total offering amount was purportedly $10,200,000.
Energy investments such as Legend Oil & Gas LTD 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.
Investigating Potential Securities Claims
The White Law Group is investigating the liability that FINRA registered brokerage firms may have for improperly selling high-risk energy investments to its 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 Legend Oil & Gas LTD, 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.