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Written by 1:36 pm Blog, Current Investigations

APX Bellatorum Royalties 2020 LP Investor Lawsuits 

APX Bellatorum Royalties 2020 LP Investor Lawsuits, featured by top securities fraud attorneys, the White Law Group

Securities Investigation: APX Bellatorum Royalties 2020, LP  

According to its website, APX Energy LLC is an independent oil and gas exploration company focusing on the Illinois Basin and other areas in the southern U.S. Its primary objective is to “develop ready-to-drill projects in proven yet undeveloped areas where we can minimize risk while maximizing economic opportunity.”  

According to filings with the SEC, APX Energy filed a form D to raise capital for investors for the offering APX Bellatorum Royalties 2020 LP. The offering amount was purportedly $150,000,000 with sales fees and commissions estimated at close to 10% of the total offering amount.  

Oil and gas limited partnerships or drilling programs are complex, high-risk investments. Many of these programs have high expense ratios, and if the overall health of the oil and gas market declines, it could default, or worse yet, file for 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.  

The White Law Group is investigating the liability that brokerage firms have for recommending high-risk oil and gas programs. The firm has handled a number of claims involving APX Energy over the years.   

In those claims, the firm has alleged, among other things, that the Waveland investments were (1) high-risk and unsuitable for our clients given their financial situation, needs and investment objectives, (2) that the risks of the investment were not fully disclosed to them, and (3) that the brokerage firms that sold the investments failed to conduct the proper due diligence with respect to the APX Energy investments (as the firms are required to do by FINRA Rules).  

The Problem with Oil and Gas Limited Partnerships  

The problem with oil and gas limited partnerships like those offered by APX Energy is they are exempt from registration with the Securities and Exchange Commission (SEC) and lack the same regulatory oversight as other investment products. These types of limited partnerships often lack liquidity. The often come with high commission fees that are often 3-4x higher than more traditional investments, like mutual funds or bonds.  

For more information on The White Law Group’s Investigation see,  

Investor Alert: APX New Harmony Partners-C LP   

The Trouble with Private Placements Under Regulation D  

 Recovery of Investment Losses  

If you invested in a APX Bellatorum Royalties 2020 LP offering and would like to discuss your litigation options, please call The White Law Group at (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 Seattle, Washington. The firm represents investors in FINRA arbitration claims throughout the country. Visit the homepage to learn more about the firm.  

 

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