Concerned about your investment in Foresight Energy LP?
Have you suffered losses investing in Foresight Energy LP MLP? If so, the securities attorneys of The White Law Group may be able to help you recover your losses in a FINRA arbitration claim against the brokerage firm that recommended the investment.
A Master Limited Partnership (MLP) is a type of limited partnership that is publicly traded. MLP’s receive the same tax benefits of a limited partnership combined with the liquidity of a publically traded security. In order to be classified as an MLP the partnership must receive 90% of its cash flow from a “qualifying source” – such as real estate, natural resources or commodities.
Foresight Energy LP produces thermal coal. The Company reportedly markets and sells its coal to a diverse customer base including electric utility and industrial companies in the eastern United States, as well as the seaborne thermal coal market.
According to Yahoo Finance, the MLP is down over 87% in the last six months.
MLP’s are extremely complex and risky. They are only suitable for wealthy, sophisticated retail investors or institutional investors.
Brokerage firms that sell such products are required to perform adequate due diligence on the investments to ensure a reasonable likelihood of success, and to evaluate whether the investments are suitable in light of the client’s age, net worth, investment experience, and investment objectives. Firms that fail to perform adequate due diligence, or that make unsuitable recommendations, can be held responsible for losses in a FINRA arbitration claim.
Recovery of Investment Losses
If you suffered losses investing in Foresight Energy LP or another MLP and would like a free consultation with a securities attorney, please call The White Law Group at (888)637-5510.
The White Law Group is a national securities arbitration, securities fraud, and investor protection law firm with offices in Chicago, Illinois and Franklin, Tennessee.
For more information on The White Law Group, please visit www.whitesecuritieslaw.com.
Tags: Foresight Energy LP attorney, Foresight Energy LP class action, Foresight Energy LP information, Foresight Energy LP investigation, Foresight Energy LP latest news, Foresight Energy LP lawsuit, Foresight Energy LP lawyer, Foresight Energy LP litigation, Foresight Energy LP losses, Foresight Energy LP performance, Foresight Energy LP recovery options, Foresight Energy LP value, MLP information, MLP lawsuit, MLP lawyer Last modified: October 21, 2019