Written by 3:34 pm Blog, Current Investigations

Investor Alert: Noble Royalty Access Fund GP

Waveland Ventures Investigation, featured by Top Securities fraud attorneys at The White Law Group

Noble Royalty Access Fund GP Investment Losses

Have you suffered investment losses in Noble Royalty Access Fund GP? If so, The White Law Group may be able to help you recover your losses by filing a FINRA Dispute Resolution claim against the brokerage firm that sold you the investment.

According to Noble Royalties website, the company specializes in the acquisition, funding and management of coal, oil and natural gas royalties. Noble was founded in 1997 and has become one of the largest independent buyers of oil and gas royalties in the U.S.

Noble offers multiple investment products to accredited investors through various broker-dealers. The White Law Group is investigating the liability some broker-dealers may have for selling Noble Royalty Access Fund GP, to unsuitable investors.

Problems with Private Placements

Oil and gas private placements, like many of the Noble investment products, are often speculative ventures. Private placements are light in regulatory oversight and as such intended for accredited investors.

Upon information and belief, distributions in the Noble Royalty Access Fund have dropped dramatically and given the current price of oil and the general way these oil and gas LPs perform historically, it appears unlikely that the LP will resume paying substantial distributions in the future.

Another problem with Reg D private placements is that the high sales commissions and due diligence fees the brokers earn for selling such products sometimes can provide brokers with an enormous incentive to push the product to unsuspecting investors who do not fully understand the risks of these types of investments or to outright misrepresent the basic features of the products – usually focusing on the income potential and tax benefits while downplaying the risks.

Fortunately, FINRA does provide for an arbitration forum for investors to resolve such disputes and if a broker or brokerage firm makes an unsuitable investment recommendation or fails to adequately disclose the risks associated with an investment they may be found liable for investment losses in a FINRA arbitration claim.

Recovery of Investment Losses

To determine whether you may be able to recover investment losses incurred as a result of your purchase of Noble Royalty Access Fund GP or another Noble Investment product, please contact The White Law Group at 1-888-637-5510 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. The firm represents investors throughout the country in claims against their brokerage firm.

For more information on the firm and its representation of investors, visit www.WhiteSecuritiesLaw.com.

 

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