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Written by 10:44 pm Blog, Securities Fraud Articles

Energy Company Defaults on the Rise

Rising loan defaults in the energy industry could mean big losses for many investors. Oil and gas companies, as well as coal mining, have been hit particularly hard by collapsing demand and depressed prices.

A number of energy companies have filed for Chapter 11 bankruptcy. They include Samson Resources, Alpha Natural Resources, Patriot Coal, Walter Energy, and Sabine Oil & gas

Investments in the energy industry are often speculative and high risk. These types of investments are often better suited for sophisticated and institutional investors that can afford total loss of their investment.

The White Law Group is investigating the liability that brokerage firms may have for recommending certain energy investments to clients.

Brokerage-firms and investment advisers are required to make investment recommendations that are suitable for their clients in light of their clients’ particular investment situation – net worth, investment objectives, income, and investment experience. Brokerage firms or advisors who sell junk bonds to unsuitable investors or fail to adequately disclose the risks of the investments can be held accountable for losses suffered through a FINRA arbitration claim.

If you have concerns regarding your investment in Samson Resources, Alpha Natural Resources, Patriot Coal, Walter Energy, or Sabine Oil & gas, and would like to speak with a securities attorney about your litigation options, please call The White Law Group at 312-238-9650 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 Vero Beach, Florida.

To learn more about The White Law Group, visit www.whitesecuriteslaw.com.


Tags: Last modified: August 18, 2023