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Written by 5:26 pm Blog, Securities Fraud Articles

Investigation into Black Diamond Energy Partners Investment Losses

Have you suffered losses in Black Diamond Energy Partners 2006-A, Ltd? If so, The White Law Group may be able to help you recover those losses through a FINRA arbitration claim against the broker-dealer that recommended that you purchase the investment.

Black Diamond Energy is a natural gas developer that has completed multiple drilling projects. Many of these projects have been sold to investors as private placements.

Private placements in natural gas are extremely speculative investments and are not publicly traded. As such, they are generally significantly higher risk than other investment products such as stocks. In addition, most private placements are exempt from registration with the Securities and Exchange Commission (SEC) and therefore lack the same regulatory oversight as other investment products.

The White Law Group is investigating potential FINRA arbitration claims involving Black Diamond Energy. Financial advisors and broker dealers have a duty to their clients to perform the necessary due diligence on an investment before offering it for sale to their clients and to ensure that any investment recommendation that is made is suitable in light of the client’s age, investment experience, net worth, and investment objectives.

It appears that some of the brokerage firms that sold this product failed to assess the risk of this investment and in some cases sold these investments to investors unsuitably.

If you invested in the Black Diamond Energy project and would like to discuss your litigation options, please call the securities attorneys of The White Law Group at (312)238-9650 for a free consultation.

The White Law Group is a national securities fraud, securities arbitration, and investor protection law firm with offices in Chicago, Illinois and Boca Raton, Florida.

For more information on The White Law Group, visit http://www.WhiteSecuritiesLaw.com.

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