Waveland Energy Partners Drilling Programs Investigation

Have you suffered losses in a Waveland investment program? If so, The White Law Group may be able to help you recover some of your losses through a FINRA dispute resolution claim against the brokerage firm that recommended the investment.

According to its website, Waveland Capital Group is a merchant bank with core investment focus in the oil and gas industry predominantly by way of limited partnerships. Waveland was founded in 2000 and is headquartered in Irvine, CA.

Many oil and gas LPs have high expense ratios, and due to the decline in the overall health of the oil and gas market, are suffering. Some are on the brink of default, or worse yet, bankruptcy.  Such an outcome is extreme, but not unforeseen. It only highlights the unsuitability of these investments for most retail investors – particularly in large concentrations.

The White Law Group is investigating the liability that brokerage firms have for recommending high-risk oil and gas programs. The firm has handled a number of claims involving Waveland. In those claims, the firm has alleged, among other things, that the Waveland investments were (1) high-risk and unsuitable for our clients given their financial situation, needs and investment objectives, (2) that the risks of the investment were not fully disclosed to them, and (3) that the brokerage firms that sold the investments failed to conduct the proper due diligence with respect to the Waveland investments (as the firms are required to do by FINRA Rules).

The Problem with Oil and Gas Limited Partnerships

The problem with oil and gas limited partnerships like those offered by Waveland are they are exempt from registration with the SECand lack the same regulatory oversight as other investment products. These types of limited partnerships are also high-risk, speculative ventures that often lack liquidity. In addition, limited partnerships offer extremely high commission fees that are often 3-4x higher than more traditional investments, like mutual funds or bonds.

Waveland Resource Partners IV, LP,  a filed form D to raise $50 million in equity financing on October 11, 2016.

Recovery of Investment Losses

If you invested in a Waveland Capital offering 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, LLC is a national securities fraud, securities arbitration, investor protection, and securities regulation/compliance law firm with offices in Chicago, Illinois and Seattle, Washington The firm represents investors in FINRA arbitration claims throughout the country. Visit our homepage to learn more about the firm.