Monthly Archives: April 2018

LJM Preservation & Growth Fund – LJM Partners – Investigation

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Investigating Potential Claims – LJM Preservation and Growth Fund

The White Law Group continues to investigate potential claims involving broker dealers who may have unsuitably recommended LJM Preservation and Growth Fund to investors.

The LJM Preservation and Growth Fund is a liquid alternative mutual fund. Liquid alternatives are alternative investment strategies that are available through alternative investment vehicles such as mutual funds, ETFs, and closed-end funds that provide daily liquidity.

According to reports, LJM Capital Preservation & Growth Fund lost $600 million dollars in two days.

In New York federal court last month, Wells Fargo Securities LLC filed suit against LJM Investment Fund LP, seeking to recover more than $16 million the bank says it spent to cover the commodity pool’s losses in February’s stock market dive.

Numerous investor lawsuits have reportedly been filed alleging the following: LJM Preservation and Growth Fund Classes I, A and C failed to adequately focus on the preservation of capital, particularly in down markets as stated in the Registration Statements and Prospectuses; investors were exposed to unacceptably high risks of significant losses; as a result, the Funds’ financial statements were materially false and misleading at all relevant times.

Brokers are required to perform adequate due diligence on any investment they recommend.
They must ensure that all recommendations are suitable for the investor and are in line with the client’s risk tolerance, age, net worth, and investment experience.

If a brokerage firm makes unsuitable investment recommendations or fails to adequately disclose the risks associated with an investment they may be liable for investment losses through FINRA arbitration.

You may be able to recover investment losses through FINRA Arbitration. FINRA operates the largest securities dispute resolution forum in the United States, and has extensive experience in providing a fair, efficient and effective venue to handle a securities-related dispute.

Free Consultation

If you are concerned about investment losses with LJM Partners or LJM Preservation and Growth Fund, the securities attorneys at The White Law Group may be able to help you recover your losses. For a free consultation with a securities attorney, call 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. For more information on the firm, visit www.WhiteSecuritiesLaw.com.

 

 

 

 

Payson Petroleum – Recovery of Investment Losses

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Investigating Potential Claims – Payson Petroleum

Did you suffer losses investing in a Payson Petroleum private placement offering at the recommendation of your financial advisor?  If so, The White Law Group may be able to help you to recover your losses. It is possible to file a FINRA Arbitration claim against the brokerage firm that sold you the investment.

Payson Petroleum is based in North Texas and “leads the way in providing oil investment opportunities to the independent investor,” according to its website.

In June 2016, Payson and Payson Operating filed for Chapter 7 bankruptcy which later was converted to Chapter 11 bankruptcy. According to the bankruptcy trustee, after administrative expenses, neither company will have money left to pay its unsecured creditors.

Then in November 2016, the SEC filed fraud charges against Payson Petroleum owners and brothers Matthew Griffin and William Griffin with offering interests in two Texas partnerships.

The SEC alleges, between November 2013 – July 2014, the Griffins purportedly conducted a fraudulent two-phase offering of interests in two Texas partnerships, raising $23 million from approximately 150 investors for the purpose of developing three oil and gas wells through their company, Payson Petroluem.

Additionally, the SEC alleges that the Griffins misled investors about Payson’s promised participation in the program and about Payson’s compensation as the program’s sponsor and operator.

The Trouble with oil and gas LPs

The trouble with oil & gas LPs, like those offered by Payson Petroleum, is that they involve a high degree of risk and are typically sold as unregistered securities which lack the same regulatory oversight as more traditional investment products like stocks and bonds.

An additional risk associated with Payson Petroleum offerings is also the general risk that comes with the energy market – a market that has seen enormous losses over the last few years.

Broker dealers are required to perform adequate due diligence on all investment recommendations. They must 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.

The White Law Group is specifically investigating the following Payson Petroleum offerings, among others:

  • Payson Drilling Fund 2015 I
  • Payson Drilling Fund 2015 II LP
  • Payson Group LP
  • Payson North Texas Multi Well I LP
  • Payson Petroleum Jenny #1 LP
  • Payson Developmental Drilling Fund 2014 II LP
  • Payson Petroleum 3 Well LP

If you have suffered investment losses in a Payson Petroleum private placement investment, please contact The White Law Group at 1-888-637-5510 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 Vero Beach, Florida. For more information on the firm, visit www.WhiteSecuritiesLaw.com.

 

Hard Rock Partners 2009 L.P. – Investment Losses

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Hard Rock Exploration – Hard Rock Partners 2009 L.P.

Have you suffered investment losses in Hard Rock Partners 2009 L.P.? 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.

Hard Rock Exploration, Inc. is an independent oil and gas development company that sponsors drilling programs such as Hard Rock Partners 2009 L.P. to raise money from investors. On September 5, 2017, Hard Rock Exploration, Inc. along with its affiliates filed a voluntary petition for reorganization under Chapter 11 in the U.S. Bankruptcy Court for the Southern District of West Virginia.

The trouble with alternative investment products, like Hard Rock Partners 2009 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.

An additional risk inherent to Hard Rock Exploration offerings is the general risk that comes with the energy market. 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.

With oil still hovering at half the value of several years ago, many oil and gas LPs are struggling to make distribution payments and some may end up defunct.

Recovery of Investment Losses

The White Law Group is investigating the liability that brokerage firms may have for improperly selling oil and gas private placements like Hard Rock Partners 2009 LP.

Broker dealers that sell alternative investments are required to perform adequate due diligence on all investment recommendations to 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.

However, another problem with Reg D private placements is that the 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.

Fortunately, there is a possibility of recovering some of your losses through the Financial Industry Regulatory Authority (FINRA).

FINRA provides an arbitration forum for investors to resolve such disputes. 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.

Free Consultation with a Securities Attorney

To determine whether you may be able to recover investment losses incurred as a result of your purchase of Hard Rock Partners 2009 LP or another Hard Rock Exploration private placement investment, please contact The White Law Group at 1-888-637-5510 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 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.