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REI Bakken Acquisition & Development Fund L.P. Lawsuits

REI Bakken Acquisition & Development Fund L.P. Lawsuits, featured by Top Securities Fraud Attorneys, The White Law Group

REI Bakken Acquisition & Development Fund L.P. Securities Fraud Investigation

Are you concerned about your investment in REI Bakken Acquisition & Development Fund L.P.? If so, the securities attorneys at The White Law Group may be able to help you to recover your losses by filing a FINRA Dispute Resolution claim against the brokerage firm that sold you the investment.

REI Energy LLC is a privately owned oil and natural gas exploration and production company headquartered in Richardson, Texas that reportedly specializes in the acquisition, development, and management of conventional and unconventional oil and gas properties.

The company reportedly  filed a form D private placement to raise capital from investors in 2016. According to the Form D, the total offering amount was purportedly $9,000,000 with sales commissions and fees estimated at close to 10% of the offering amount. The form D indicates that the sales compensation recipient for this offering was Reef Securities.

Alternative investments such as these, have high sales commissions and due diligence fees. These high commissions and fees can provide brokers with an enormous incentive to push the product to unsuspecting investors who do not fully understand the risks.  They may even focus on the income potential and tax benefits while downplaying the risks.

Unfortunately for investors, many oil and gas LPs are struggling to make distribution payments and some may end up defunct.

Suitability of Oil and Gas LPs

The White Law Group is investigating the liability that brokerage firms may have for improperly selling oil and gas investments like REI Bakken Acquisition & Development Fund L.P. to investors.

Broker dealers that sell private placements are required to perform adequate due diligence on all investment recommendations. They must ensure that each investment recommendation that is made is suitable for the investor in light of the investor’s age, risk tolerance, net worth, financial needs, and investment experience.

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. Fortunately, FINRA provides an arbitration forum for investors to resolve such disputes.

If you are concerned about your investment in REI Bakken Acquisition & Development Fund L.P. or another oil and gas LP, please contact The White Law Group at 1-888-637-5510 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 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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