We represent investors who lose savings they invested in oil and gas investments recommended by their brokerage firms or investment advisors.
Many oil and gas investment programs are highly risky for investors, and in particular for older investors. Untraded oil and gas investment programs present the additional risk of illiquidity. Such investments are typically suitable only for a small number of investors who understand all risks involved and have the ability to absorb a total loss of their investment.
Over the past year we have seen dozens of oil and gas investment programs file for bankruptcy. Many of them wiped out their equity holders and caused their debt investors to suffer substantial losses. Many of those investors were retirees and depended on the stream of income from such investments to supplement their pensions.
We have seen cases where brokerage firms and investment professionals recommended unsuitable oil and gas investments to investors, failed to adequately – if at all – explain the risks associated with such investments, or failed to adequately vet new oil and gas programs before recommending them to their customers.
Contact us and tell us about your case
If you lost money you invested in an oil and gas program, contact us for a free, no-obligation evaluation of your legal options. We have represented thousands of victims of investment-related misconduct and fraud against financial institutions that failed to discharge their duties and protect the investing public.
If you believe you lost money as a result of investment-related misconduct, it is important to take action. You may call at (585) 310-5140, email us, or contact us by using the “Contact” form on this page, and tell us about your case. There is no charge for us to evaluate your case.