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Reef 2012-A Private Drilling Fund LP Securities Investigation

Reef 2011 Private Drilling Fund is an oil and gas private placement investment sponsored by Reef Oil and Gas, based in Richardson, Texas.

The White Law Group is investigating the liability that brokerage firms may have for recommending Reef 2011 Private Drilling Fund to some clients. Oil and gas private placements are high-risk, speculative investments that are unsuitable for many investors.

Oil and gas partnerships such as Reef 2011 Private Drilling Fund are typically offered as private placements. Though returns can be exceedingly large, oil and gas partnerships are speculative ventures and investors must be able to afford the total loss of their investment. In addition, private placements are typically illiquid, hard to resell, and often have a long holding period.

Unfortunately, some brokers may have downplayed the risks associated with these limited partnerships. They have misled investors into thinking that they are “safe” investment products. The high sales commission brokers earned for selling such products may provide some brokers with enough incentive to push the product to unsuspecting investors. Your typical stock or mutual fund offers 1%-2% commission. The commission for limited partnerships like Reef, are 7%-10%.
If a broker misleads a client or makes unsuitable investment recommendations they can be liable for investment losses.

“In light of the decline in the overall health of the oil and gas market, many oil and gas LPs are suffering and some are on the brink of default, or worse yet, bankruptcy,” says D. Daxton White, Managing Partner of The White Law Group. “While such an outcome is extreme, it is not unforeseen and only highlights the unsuitability of these investments for most retail investors - particularly in large concentrations.”

If you have suffered losses investing in Reef 2011 Private Drilling Fund, you may be able to recover some of your losses. Please contact The White Law Group at 1-888-637-5510 for a free consultation.

The White Law Group, LLC is a national securities fraud, securities arbitration, investor protection, and securities regulation/compliance law firm. The firm has offices in Chicago, Illinois and Vero Beach, Florida.

For more information on The White Law Group, please visit our website at www.whitesecuritieslaw. ...

News Release: Reef 2012-A Private Drilling Fund LP Securities Investigation
Submitted on: October 05, 2017 10:06:44 PM
Submitted by: Daxton White
On behalf of: