Have you suffered losses in Bradford Drilling Associate? 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 their website, since 1994, the Bradford group of companies has focused on creating oil and gas investment opportunity. Bradford Exploration, Inc., Bradford Energy, LLC and Bradford Energy Capital, LLC have been the managing general partner of 42 limited partnerships which have invested in thousands of oil and natural gas wells, several natural gas processing plants, natural gas pipelines, as well as extensive mineral leases and royalty interests.
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 Bradford. In those claims, the firm has alleged, among other things, that the Bradford 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 Bradford investments (as the firms are required to do by FINRA Rules).
The problem with oil and gas limited partnerships like those offered by Bradford are they are exempt from registration with the Securities and Exchange Commission (SEC) and therefore lack the same regulatory oversight as other investment products. Limited partnerships are speculative ventures that often lack liquidity and risk total loss of initial capital investment. In addition, limited partnerships offer extremely high commission fees that are often 3-4x higher than more traditional investments which too often provides some brokerage firms with enough incentive to overlook suitability requirements
Specifically, The White Law Group is investigating potential claims involving the following Bradford offerings:
Bradford Drilling Associates XXX
Bradford Drilling Associates XXXI, L.P.
Bradford Drilling Associates XXXII, L.P.
Bradford Drilling Associates XXXIII, L.P.
Bradford Drilling Associates XXXIV, L.P.
If you invested in a Bradford offering and would like to discuss your litigation options, please call The White Law Group at 312-238-9650 for a free consultation.
The White Law Group is a national securities fraud, securities arbitration, and investor protection law firm with offices in Chicago, Illinois and Vero Beach, Florida. The firm represents investors in FINRA arbitration claims throughout the country. Visit our homepage to learn more about the firm.
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