Petro Capital XII LP Investigating Potential Lawsuits
Are you concerned about your investment in Petro Capital XII LP? If so, the securities attorneys at The White Law Group may be able to help you by filing a FINRA Dispute Resolution claim against the brokerage firm that sold you the investment.
Petro Capital is an investment bank reportedly committed to delivering value-added capital market and strategic advisory services to growth oriented companies in the Exploration & Production, Midstream and Oilfield Services sectors with energy as its sole focus.
According to SEC filings, the company filed a Form D to raise capital from investors through the offering Petro Capital XII LP. The offering type was equity and the total offering amount sold was purportedly $15,000,000.
The White Law Group is investigating potential securities fraud claims involving FINRA registered brokerage firms who may have unsuitably recommended alternative investments such as the following Petro Capital offerings:
Petro Capital 30, LLC
Petro Capital Energy Credit II, LP
Petro Capital XII, LP
Petro Capital XXI, L.P.
Petro Capital XXII, LLC
Petro Capital XXV, LLC
Petro Capital XXVI, LLC
These investments are often riskier and more complicated than traditional investments, and are only suitable for high net worth, sophisticated investors. They often have high fees and sales commissions, making them an attractive product for financial advisors to sell.
Broker dealers are required to perform adequate due diligence on any investment they recommend. They must ensure that all recommendations are suitable for the investor. Recommendations should be in line with the investor’s age, risk tolerance, net worth, and investment experience.
Despite the risks of investing in this type of alternative investments, brokerage firms continue to push this type of investment because of the high commissions associated with their sale and creation.
If you are concerned about your investment in Petro Capital XII LP or another Petro Capital offering the White Law Group may be able to help you. To speak with a securities attorney about your options, please call The White Law Group at 888-637-5510 for a free consultation.
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, visit https://www.whitesecuritieslaw.com.