Investigation of Enlink Midstream Partners LP
Have you suffered losses in Enlink Midstream Partners LP? If so, the securities attorneys of The White Law Group may be able to help you recover those losses from the brokerage firm or financial advisor that recommended the investment.
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.
In the last few years, MLPs have become a popular way to structure energy/oil and gas investments. According to Morningstar, from the start of 2010 to the end of 2014, a net $44 billion flowed into MLP mutual funds and exchange-traded funds.
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.
Risks of Master Limited Partnerships
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.
Unfortunately for investors in these products, most oil and gas MLPs are down substantially in the last year.
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. As such, 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.
The White Law Group is investigating the liability that brokerage firms may have for making bad bets on MLPs like the Enlink Midstream Partners LP.
Devon Energy Corporation (NYSE: DVN) (“Devon”), EnLink Midstream, LLC and EnLink Midstream Partners, LP today announced the completion of the previously announced transaction to combine substantially all of Devon’s U.S. midstream assets with the assets of the former Crosstex Energy, Inc. and Crosstex Energy, L.P. (collectively, “Crosstex”).
Recovery of Investment Losses
If you lost money investing in the Enlink Midstream Partners LP and would like to discuss your litigation options, 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 https://whitesecuritieslaw.com.Tags: biggest investment losers of 2015, broker churning, Chicago broker fraud attorney, Chicago churning attorney, Chicago FINRA attorney, Chicago investment fraud attorney, Chicago securities attorney, Chicago securities lawyer, churning turnover ratio, Crosstex Energy LP investigation, Crosstex Energy LP lawsuit, Crosstex Energy LP litigation, Enlink Midstream Partners LP attorney, Enlink Midstream Partners LP class action, Enlink Midstream Partners LP current value, Enlink Midstream Partners LP investigation, Enlink Midstream Partners LP latest news, Enlink Midstream Partners LP lawsuit, Enlink Midstream Partners LP lawyer, Enlink Midstream Partners LP losses, Enlink Midstream Partners LP performance, Enlink Midstream Partners LP risks, Excessive brokerage fees, Excessive buying and selling securities, excessive financial advisor commissions, excessive financial advisor fees, Excessive stockbroker commissions, Excessive stockbroker fees, financial advisor account churning, financial advisor Churn & burn, financial advisor churning attorney, financial advisor churning lawyer, financial advisor Excessive commissions, Financial advisor Excessive fees, financial advisor Excessive transactions, Financial advisor frequent trades, Florida churning attorney, Florida churning lawyer, Frequent broker commissions, Frequent brokerage fees, how much trading is too much, Illinois churning attorney, Illinois churning lawyer, investment advisor account churning, investment advisor churn and burn, investment advisor excessive commissions, investment advisor excessive fees, investment advisor excessive transactions, investment advisor frequent trades, stockbroker Account churning, stockbroker churning and burn, stockbroker churning attorney, stockbroker churning lawyer, stockbroker excessive commissions, stockbroker excessive fees, stockbroker excessive transactions, Stockbroker frequent trades, Vero Beach securities attorney, Vero Beach securities lawyer, what is churning, what is excessive trading, what turnover ratio is considered churning, worst oil and gas performers of 2015 Last modified: April 1, 2021