Concerned about your investment losses in Ferrellgas Partners L.P. ?
Have you suffered losses investing in Ferrellgas Partners L.P. ? If so, the securities attorneys of The White Law Group may be able to help you recover those losses from the brokerage firm that recommended the investment.
Ferrellgas Partners L.P. (FGP), headquartered in Overland, Kansas, engages in the retail distribution of propane and related equipment sales.
Unfortunately for investors, most oil and gas MLPs are down substantially in the last year. According to Yahoo Finance, in the past 12 months, the share price of Ferrellgas Partners LP has reportedly declined 76%.
In the United States, a master limited partnership (MLP) is a limited partnership that is publicly traded on an exchange qualifying under Section 7704 of the Internal Revenue Code. It combines the tax benefits of a limited partnership with the liquidity of publicly traded securities.
MLPs have become a popular way to structure energy/oil and gas investments in the past few years. According to reports, since 2009, MLPs have raised more than $100 billion from initial public offerings and follow-on stock sales. Investors appear to have been lured in to these products by the companies’ assurances of steady payout increases and tax advantages.
Most MLPs earn money by charging oil-and-gas producers to transport or store their products. MLPs have also been popular in recent years because they have provided relatively high returns to otherwise income-starved investors.
If your financial advisor over-concentrated your portfolio in MLPs, you may have a viable claim to recover your losses. Financial advisors are required to make suitable investment recommendations, accounting for your age, income, net worth, investment experience, and investment objectives.
Diversification is the key to reducing risk. Over-concentrated exposure to any sector or investment, but particularly volatile industries like oil and gas which are so dependent on global demand and supply), can be unsuitable for many investors.
Recovery of Investment Losses
The White Law Group is investigating the liability that brokerage firms may have for making unsuitable recommendations of MLPs such as Ferrellgas Partners LP.
If you lost money investing in the Ferrellgas Partners L.P. please call the securities arbitration attorneys of 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 Franklin, Tennessee. For more information on the firm and its representation of investors in FINRA arbitration claims, visit http://whitesecuritieslaw.com.
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