The enormous decline in crude oil and natural gas prices over the past year has caused numerous gas and oil investment losses of massive amounts of money, hurting many retail investors. Many brokers recommended and sold these high-risk investments to customers who could not afford the risk of the investments.
Although brokers are required to have a reasonable basis to recommend investments, the driving force behind many of these recommendations was the high commissions that brokers stood to be paid from selling these risky products. But these private placements were unsuitable for investors who could not afford the high risk or who were unwilling to take high risk.
If you lost money in oil and gas investments and were not told about the high risk of these products, call us to speak with our investment loss lawyer to discuss claims that you may be able to bring to recover your investment losses.
