Monthly Archives: October 2017

Atlas Resources Series 28-2010 L.P. Investment Losses

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Atlas Resources Series 28-2010 L.P.Recovery of Investment Losses:  Atlas Resources Series 28-2010 L.P.

The White Law Group is investigating potential claims against the broker dealers that sold high risk oil and gas investments such as Atlas Resources Series 28-2010 L.P., onto unsuspecting investors.

Atlas Resource Partners is an oil and gas company that often raises money for investments through Reg D private placement offerings.  Atlas Resources Series 28-2010  is a private placements offering.  Investments such as these are typically sold by brokerage firms in exchange for a large up front commission. High fees can range from 7-10%, as well as additional “due diligence fees” that can range from 1-3%.

The problem with private placement investments such as Atlas Resources Series 28-2010 L.P. is that they involve a high degree of risk. They are typically sold as unregistered securities which lack the same regulatory oversight as more traditional investment products like stocks or bonds.  These investments may seem wise at first, until the dramatic drop in distributions.

Are High Risk Oil and Gas Private Placements Suitable for you?

Broker dealers are required to perform adequate due diligence on all investment recommendations. They must ensure that each investment recommendation that is made is suitable for the investor in light of the investor’s age, risk tolerance, net worth, financial needs, and investment experience.

Often brokers will misrepresent the basic features of the products – usually focusing on the income potential and tax benefits while downplaying the risks.

A broker or brokerage firm can be held liable if they make an unsuitable investment recommendation or fail to adequately disclose the risks. The Financial Industry Regulatory Authority (FINRA) provides an arbitration forum for investors to resolve such disputes.

Free Consultation

If you are concerned about investment losses in Atlas Resources Series 28-2010 L.P., call for a free consultation with a securities attorney.  Please contact The White Law Group at 1-888-637-5510.

The White Law Group is a national securities fraud, securities arbitration, and investor protection law firm with offices in Chicago, Illinois and Vero Beach, Florida. The firm represents investors throughout the country in claims against their brokerage firm.

For more information on the firm and its representation of investors, visit www.WhiteSecuritiesLaw.com.

 

 

KBS REIT Investment Losses – Recovery Options

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KBS REITHow to recover your losses in KBS REIT

The White Law Group has handled a number of claims involving non-traded real estate investment trusts (REITs) including KBS REIT.

KBS Real Estate Investment Trust, Inc., publicly registered non-traded REIT, went effective in January 2006 and closed its offering in May 2008 after raising $1.7 billion in investor equity.

Stockholders of KBS REIT approved a plan of complete liquidation and dissolution of the company in January 2017, according to SEC filings. KBS REIT said that the net proceeds from the remaining asset sales will be distributed to stockholders by January 27, 2019. The dissolution filing will not affect the right of shareholders to receive distributions under the liquidation plan and Maryland general corporation law.

Shares of KBS REIT were originally sold for $10.00 each. The company previously paid special distributions of $0.65 per share to stockholders for property sales from 2012 through 2015.

The Trouble with Non-Traded REITs

The trouble with non-traded REITs, like KBS REIT, is that they are complex and inherently risky products.

Broker dealers are required to inform clients of the risks associated with investment recommendations. They must ensure that those recommendations are suitable for the investor in light of the investor’s age, risk tolerance, net worth, and investment experience. Firms that fail to do so may be held responsible for any losses.

In addition, lack of liquidity can be problematic for many investors.  Investors looking to sell often have difficulty finding a buyer, and can suffer significant losses on the sale.

If you are concerned about investment losses in KBS REIT or another non-traded REIT, please call The White Law Group at 1-888-637-5510 for a free consultation. It may be possible to recover your losses through a FINRA arbitration claim against the brokerage firm that sold you the investment.

The White Law Group is a national securities fraud, securities arbitration, and investor protection law firm with offices in Chicago, Illinois and Vero Beach, Florida. For more information on The White Law Group, please visit www.whitesecuritieslaw.com.

 

Reef 2012-A Private Drilling Fund LP Securities Investigation

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Reef 2012-A Private Drilling FundInvestigating Potential Claims involving Reef 2012-A Private Drilling Fund

The White Law Group is investigating potential claims against the broker dealers that sold high risk oil and gas investments, such as Reef 2012-A Private Drilling Fund, onto unsuspecting investors.

According to its website, Reef Oil & Gas strives to develop, exploit, and produce oil and natural gas properties and operate wells drilled. The company is currently based in Richardson, Texas and has offered numerous public and private partnerships over the years.

Many oil and gas LPs have high expense ratios, and due to the decline in the overall health of the oil and gas market, are suffering. Some are on the brink of default, or worse yet, bankruptcy.  Such an outcome is extreme, but not unforeseen. It only highlights the unsuitability of these investments for most retail investors – particularly in large concentrations.

Are High Risk Oil and Gas Private Placements Suitable for you?

The problem with private placement investments such as Reef 2012-A Private Drilling Fund LP is that they involve a high degree of risk. They are typically sold as unregistered securities which lack the same regulatory oversight as more traditional investment products like stocks or bonds.  These investments may seem wise at first, until the dramatic drop in distributions.

Broker dealers are required to perform adequate due diligence on all investment recommendations. They must ensure that each investment recommendation that is made is suitable for the investor in light of the investor’s age, risk tolerance, net worth, financial needs, and investment experience.

Another problem with   Reg D private placements is that they typically come with high sales commissions and due diligence fees. These high commissions and fees can provide brokers with an enormous incentive to push the product to unsuspecting investors who do not fully understand the risks.  They may misrepresent the basic features of the products – usually focusing on the income potential and tax benefits while downplaying the risks.

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 found liable for investment losses in a FINRA arbitration claim. FINRA provides an arbitration forum for investors to resolve such disputes.

Free Consultation

You may be able to recover investment losses from your purchase of Reef 2012-A Private Drilling Fund LP. For a free consultation with a securities attorney, please contact The White Law Group at 1-888-637-5510.

The White Law Group is a national securities fraud, securities arbitration, and investor protection law firm with offices in Chicago, Illinois and Vero Beach, Florida. The firm represents investors throughout the country in claims against their brokerage firm.

For more information on the firm and its representation of investors, visit www.WhiteSecuritiesLaw.com.

 

Tiburon Saltwater Reclamation Fund I Investigation

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Tiburon Saltwater Reclamation Fund I

Investigating Potential Losses Involving Tiburon Saltwater Reclamation Fund I

Are you concerned about investment losses in Tiburon Saltwater Reclamation Fund I? If so, the securities attorneys at The White Law Group may be able to help you to recover your losses by filing a FINRA arbitration claim against the brokerage firm that sold you the investment.

According to reports, The Financial Industry Regulatory Authority has filed a complaint against an independent broker-dealer that allegedly involves Tiburon Saltwater Reclamation Fund.

According to that FINRA complaint, approximately 170 investors allegedly purchased units in Tiburon Saltwater Reclamation Fund I, totaling approximately $12.5 million. The fund’s private placement memorandum reportedly states that “its principal objectives are to preserve and protect investor capital and provide a long-term 15 percent return.”

Investigation of Tiburon Saltwater Reclamation Fund I

The White Law Group is investigating the liability brokerage firms may have for recommending Tiburon Saltwater Reclamation Fund I to investors.

When brokers abuse client accounts and conduct transactions that violate securities laws, the brokerage firm they are working with may be liable for investment losses. Brokerage firms that fail to monitor the business activities of their employees may be liable for investment losses.

The brokerage firms can be held responsible for any losses in a FINRA arbitration claim if it is determined that they failed to properly supervise their agent.

Free Consultation

If you suffered losses investing with Tiburon Saltwater Reclamation Fund I, the attorneys at The White Law Group may be able to help you. For a free consultation, please call (888) 637-5510.

The foregoing information, which is all publicly available, is being provided by The White Law Group.

The White Law Group is a national securities fraud, securities arbitration, and investor protection law firm with offices in Chicago, Illinois and Vero Beach, Florida. For more information, please visit our website, www.whitesecuritieslaw.com.