Oil and Gas Investments
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.
We have represented thousands of victims of investment fraud, against financial institutions that failed to discharge their duties and protect the investing public. Each case is different and our past successes are not indicative of future results; we will be glad to review your case and advise you as to your options, at no charge.
If you believe you lost money because of investment fraud, it is important to take action. Contact Peiffer Wolf Carr & Kane for a FREE Consultation by calling 585-310-5140 or by filling out an online Contact Form on this website. We can hear your situation and explore your legal options. There is no charge for this evaluation.