Concerned about your investment losses in Summit Midstream Partners LP?

Have you suffered losses investing in Summit Midstream Partners LP? If so, the securities attorneys of The White Law Group may be able to help you by filing a FINRA Dispute Resolution Claim against the brokerage firm that sold you the investment.

After a rebound in stock prices in 2017, the company’s share price has reportedly dropped again, more than 50% in the past 6 months. According to one analyst, the company is having a tough time covering interest expense from the operating income, and it is unable to cover the distributions.

Summit Midstream Partners LP is focused on owning and operating midstream energy infrastructure that is strategically located in the core producing areas of unconventional resource basins, primarily shale formations, in North America. The Company, based in Dallas, Texas, currently provides fee-based natural gas gathering and compression services.

Master Limited Partnerships (MLPs) 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 are extremely complex and risky, making them only suitable for wealthy, sophisticated retail investors or institutional investors.  The high dividend paid can cause some advisor to yield chase.

Investigating Potential Lawsuits

The White Law Group continues to investigate the liability that brokerage firm may have for unsuitably recommending Summit Midstream Partners LP to investors.

Brokerage firms are required to perform adequate due diligence on the investments to ensure a reasonable likelihood of success.

Further, they must 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.

If you suffered losses investing in Summit Midstream Partners LP or another MLP and would like a free consultation with a securities attorney, please call The White Law Group at 888-637-5510.

The White Law Group is a national securities arbitration, securities fraud, and investor protection law firm with offices in Chicago, Illinois and Franklin, Tennessee.

For more information on The White Law Group, visit www.whitesecuritieslaw.com.