Navios Maritime Midstream Partners LP Investment Losses
Have you suffered losses investing in Navios Maritime Midstream Partners LP? 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.
Navios Maritime Partners LP offers maritime freight transportation. The Company is an international owner and operator of drybulk carriers. The company is based in Greece.
Master Limited Partnerships (MLPs), like Navios Maritime Midstream Partners LP are 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.
MLPs have increasingly been used to invest in the energy sector and are often sold to investors seeking income. However, MLP’s are extremely complex and risky, making them only suitable for wealthy, sophisticated retail investors or institutional investors. They are also a dream product for Wall Street because of the fees they generate, which may cause unscrupulous financial advisors looking to maximize their own commissions to recommend them improperly.
The White Law Group continues to investigate the liability that brokerage firms may have for recommending high risk energy MLPs, like Navios Maritime Midstream Partners LP, to their clients.
Brokerage firms are required to perform adequate due diligence on all investments they recommend and to ensure that all recommendations are suitable for their client in light of that 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 Navios Maritime Midstream Partners LP or another MLP and would like to discuss your litigation options, please call The White Law Group’s Chicago office at 1-888-637-5510 for a free consultation.
The White Law Group is a national securities arbitration, securities fraud, and investor protection law firm with offices in Chicago, Illinois and Vero Beach, Florida. The firm represents investors throughout the country in FINRA arbitration claims against their brokerage firm.
For more information on The White Law Group and its representation of investors, visit www.whitesecuritieslaw.com.
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