Bonanza Creek Energy Investment Losses
Have you suffered investment losses in Bonanza Creek Energy? 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.
Oil and gas producer Bonanza Creek Energy said it would file for bankruptcy on or before Jan. 5, joining a long list of energy companies that have been hit hard by low oil prices.
The Denver-based company said bondholders would eliminate $850 million in debt and that some would provide $200 million in new equity.
Bonanza Creek’s shares were down 47.5 percent at $1.01 before the opening bell on Friday.
Global oil prices have dropped more than 50 percent since mid-2014, dampening cash flows of oil producers and hurting their ability to meet debt and interest payments.
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.
Recovery of Investment Losses
To determine whether you may be able to recover investment losses incurred as a result of your purchase of Dakota Plains Holdings or another oil and gas investment, 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.Tags: Bonanza Creek Energy Chapter 11, Bonanza Creek Energy class action, Bonanza Creek Energy complaints, Bonanza Creek Energy FINRA, Bonanza Creek Energy history, Bonanza Creek Energy home, Bonanza Creek Energy investigation, Bonanza Creek Energy investor relations, Bonanza Creek Energy lawsuit, Bonanza Creek Energy litigation, Bonanza Creek Energy losses, Bonanza Creek Energy performance, Bonanza Creek Energy price, Bonanza Creek Energy review, Bonanza Creek Energy yield, broker churning, Chicago broker fraud attorney, Chicago churning attorney, Chicago FINRA attorney, Chicago investment fraud attorney, Chicago securities attorney, Chicago securities lawyer, churning turnover ratio, Excessive brokerage fees, Excessive buying and selling securities, excessive financial advisor commissions, excessive financial advisor fees, Excessive stockbroker commissions, Excessive stockbroker fees, financial advisor account churning, financial advisor Churn & burn, financial advisor churning attorney, financial advisor churning lawyer, financial advisor Excessive commissions, Financial advisor Excessive fees, financial advisor Excessive transactions, Financial advisor frequent trades, Florida churning attorney, Florida churning lawyer, Frequent broker commissions, Frequent brokerage fees, how much trading is too much, Illinois churning attorney, Illinois churning lawyer, investment advisor account churning, investment advisor churn and burn, investment advisor excessive commissions, investment advisor excessive fees, investment advisor excessive transactions, investment advisor frequent trades, stockbroker Account churning, stockbroker churning and burn, stockbroker churning attorney, stockbroker churning lawyer, stockbroker excessive commissions, stockbroker excessive fees, stockbroker excessive transactions, Stockbroker frequent trades, Vero Beach investment fraud attorney, Vero Beach securities attorney, Vero Beach securities lawyer, what is churning, what is excessive trading, what turnover ratio is considered churning Last modified: March 8, 2017