Concerned about your investment in BRG 2017-I Oil & Gas Opportunity Fund LP?
The White Law Group is investigating the liability that FINRA registered brokerage firms may have for improperly selling high-risk energy investments, like BRG 2017-I Oil & Gas Opportunity Fund LP, to its clients.
BRG Energy Inc., a privately held independent oil and gas company in Tulsa, Oklahoma reportedly filed a form D to raise capital from investors in 2017 for the offering of BRG 2017-I Oil & Gas Opportunity Fund LP. The total offering amount sold was purportedly $5,655,000.
The company’s primary business involves the acquisition of producing properties and low risk developmental drilling for its own account and also for accredited individual investors, according to its website.
Unfortunately, some brokers may have downplayed the risks associated with oil and gas private placement investments. They may have misled investors into thinking that they are “safe” investment products. The high sales commission brokers earned for selling such products may provide some brokers with enough incentive to push the product to unsuspecting investors.
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.
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.
Prior to making recommendations to an individual investor, brokerage firms are required by the Financial Industry Regulatory Authority (FINRA) to disclose all the risks of an investment. Recommendations should only be made if the investment is suitable for an individual investor given their age, investment objections, investment experience and risk tolerance.
If a broker misleads a client or makes unsuitable investment recommendations they can be liable for investment losses.
Recovery of Investment Losses
If you are concerned about your investment in BRG 2017-I Oil & Gas Opportunity Fund LP, the securities attorneys at The White Law Group may be able to help. Please call the offices at 888-637-5510 for a free consultation with a securities attorney.
The White Law Group is a national securities fraud, securities arbitration, and investor protection law firm with offices in Chicago, Illinois.
Tags: BRG 2017-I Oil & Gas Opportunity Fund LP complaints, BRG 2017-I Oil & Gas Opportunity Fund LP investigation, BRG 2017-I Oil & Gas Opportunity Fund LP investment, BRG 2017-I Oil & Gas Opportunity Fund LP lawsuit, BRG 2017-I Oil & Gas Opportunity Fund LP news, BRG 2017-I Oil & Gas Opportunity Fund LP recovery, BRG 2017-I Oil & Gas Opportunity Fund LP value, BRG energy, securities fraud attorneys Last modified: February 24, 2021