ONEOK Partners LP Investment Losses
Have you suffered losses investing in ONEOK 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.
ONEOK Partners, L.P. (NYSE: OKS) is one of the largest publicly traded master limited partnerships in the United States and owns one of the nation’s premier natural gas liquids (NGL) systems, connecting NGL supply in the Mid-Continent, Permian and Rocky Mountain regions with key market centers and is a leader in the gathering, processing, storage and transportation of natural gas in the U.S.
Master Limited Partnerships (MLPs), like ONEOK 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.
Problems with Master Limited Partnerships
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..
It is for this reason that The White Law Group is investigating the liability that brokerage firms may have for recommending high risk MLPs, like ONEOK Partners LP, to their clients.
Brokerage firms that sell oil and gas MLPs are required to perform adequate due diligence on the investments to ensure a reasonable likelihood of success, and to evaluate whether the investments are suitable in light of the 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 ONEOK Partners LP or another MLP and would like to discuss your litigation options, please call The White Law Group at (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, visit www.whitesecuritieslaw.com.Tags: MLP class action attorney, MLP fraud attorney, MLP fraud lawyer, oil MLP attorney, ONEOK Partners LP attorney, ONEOK Partners LP class action, ONEOK Partners LP commissions, ONEOK Partners LP current value, ONEOK Partners LP distributions, ONEOK Partners LP dividend, ONEOK Partners LP information, ONEOK Partners LP investigation, ONEOK Partners LP K-1, ONEOK Partners LP K1, ONEOK Partners LP lawsuit, ONEOK Partners LP lawyer, ONEOK Partners LP litigation, ONEOK Partners LP performance, ONEOK Partners LP recovery options, ONEOK Partners LP risks, ONEOK Partners LP ticker symbol Last modified: March 25, 2019