How to recover your losses in ADAGEO ENERGY PARTNERS LP
The White Law Group is investigating potential claims against the broker dealers that sold high risk oil and gas investments like Adageo Energy Partners LP.
Adageo Energy is an independent oil and gas company that focuses on identification, acquisition, drilling, development and operation of oil and gas properties as well as the construction and operation of natural gas pipelines, according to their website.
The trouble with limited partnerships, like Adageo Energy Partners, is that they are high risk investments compared to traditional investments, such as stocks, bonds or mutual funds. Limited partnerships are typically sold as unregistered securities. They lack the same regulatory oversight as more traditional investment products.
The high sales commission brokers earn for selling such products may provide some brokers with enough incentive to push the product to unsuspecting investors. Upon information and belief, the sales commissions earned by broker dealers who sold Adageo Energy Partners to investors was 10%.
According to SEC filings, the following firms offered Adageo investments to their clients: Jesup & Lamont Securities Corp., Sunset Financial Services Inc., Charter Pacific Securities, LLC, ePLANNING Securities Inc., Newbridge Securities Corporation, Arete Wealth Management LLC, WFP Securities Inc., Madison Avenue Securities Inc., Direct Capital Securities Inc., and Capital Guardian LLC.
Limited partnerships, especially oil and gas investments, are better suited for sophisticated and institutional investors that can afford to risk total loss of their investment.
Broker dealers that sell limited partnerships 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 makes an unsuitable investment recommendations or fails to adequately disclose the risks associated with an investment they may be liable for investment losses.
To determine whether you may be able to recover investment losses incurred as a result of your purchase Adageo Energy Partners, 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.