Concerned about investment losses in REI Energy 2018-A Drilling and Income Fund?
Have you suffered investment losses in REI Energy 2018-A Drilling and Income Fund? If so, The White Law Group may be able to help you recover your losses by filing a FINRA Dispute Resolution claim against the brokerage firm that sold you the investment.
According to its website, REI Energy, LLC, formerly known as Reef Oil & Gas Companies, is a privately owned oil and natural gas exploration and production company headquartered in Richardson, Texas. “Since 1987, REI and its affiliates have sponsored more than 100 partnerships that have collectively acquired interests in over 2,000 producing oil and gas wells and have participated in the drilling of more than 700 wells.”
REI Energy’s private placement offerings involve a high degree of risk. According to a disclaimer on the company’s website, “Investing in oil and gas is speculative and involves a high degree of risk. There is no guarantee that any returns on investment will be achieved. Investors could lose all or substantially all of their investment.”
Oil and gas partnerships such as these 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 REI Energy offerings is also the general risk that comes with the energy market – a market that has seen enormous losses over the last few years. These investments also typically have high fees and commissions, in the case of REI Energy 2018-A Drilling and Income Fund, the commissions were estimated at 9.5%, according to the REG D.
Investigating Potential Lawsuits
The White Law Group has represented numerous investors in lawsuits involving Reef (nka REI Energy) partnerships. Currently, the firm is investigating the following REI Energy offerings, among others:
REI Energy 2015 Drilling Fund L.P.
REI Energy 2016-A Income Fund L.P.
REI Energy 2017 Acquisition Fund L.P.
REI Energy 2018-A Drilling & Income Fund L.P.
REI Energy 2019-A Drilling & Income Fund L.P.
REI Energy Drilling & Income Fund I L.P.
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.
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.
If you suffered investment losses REI Energy 2018-A Drilling and Income Fund or another REI Energy offering you may be able to recover your losses. 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. For more information on the firm, visit www.WhiteSecuritiesLaw.com.