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Notice to Investors Who Purchased Oil and Gas Securities – Silver Law Group, The Law Firm of David R. Chase, P.A., and Ciklin, Lubitz & O’Connell Continue Investigation

Silver Law Group, The Law Firm of David R. Chase, P.A., and Ciklin, Lubitz & O’Connell are continuing their investigation in the suitability of recommendations made by numerous financial advisors and brokerage firms to purchase risky oil and gas securities.

The price of oil has historically been volatile, risky, and difficult to predict. In turn, securities reliant on the commodity’s favorable pricing are highly risky and prone to huge swings in value depending on the price of oil. Such risky investments include but are not limited to:
• Master Limited Partnerships (MLPs)
• Stocks
• Bonds
• Private Placements
• Exchange-Traded Funds (ETFs)
• Exchange-Traded Notes (ETNs)

Many of the companies issuing these securities have not been able to withstand the extremely low oil prices despite precautionary hedging to lock in more favorable prices. Oil prices continue to drop despite a minor resurgence, flirting with bearish levels.

Many brokers got caught up in the façade that was ever-increasing crude oil, improperly recommending MLPs, bonds, private placements, stocks, and other oil and gas securities to conservative investors based upon the high yields of these investments rather than the risk to principal. Seeming like a sure bet and untouchable, these brokers neglected to conduct due diligence and investigate these investments and negligently recommended them to customers.

Many investment advisory firms have gotten caught up heavily recommending oil and gas securities. Our law firms have either filed arbitration claims or are investigating the following investment advisory firms in connection with selling risky oil and gas securities:

  • Raymond James
  • Avondale
  • Needham
  • Merrill Lynch
  • Barclays Capital
  • BB&T Capital Markets
  • Jeffries
  • Robert W. Baird
  • Oppenheimer
  • JP Morgan
  • Morgan Stanley
  • FBR Capital
  • Deutsch Bank
  • Credit Suisse
  • RBC Capital Markets
  • Stifel
  • UBS
  • Wells Fargo

Many companies and securities issuers underlying value has responded to the low prices, many of which are on the fringe or already have declared bankruptcy. Some of the investments our law firms have either filed arbitration claims or are investigating are:

  • Atlas Partners
  • Linn Energy
  • Arch Coal
  • Alpha Natural Resources
  • Alliance Resource Partners
  • Cloud Peak Energy
  • Natural Resource Partners
  • Seadrill
  • Sandridge Energy
  • Swift Energy
  • Chesapeake Energy
  • Transocean

The three law firms have joined forces in order to combine their experience, resources and industry acumen to better serve clients. The alliance boasts five attorneys with close to 100 years of combined experience in securities litigation and related work. The attorneys include Adolfo J. Anzola, Scott L. Silver, Jason S. Haselkorn, Matthew N. Thibaut, and David R. Chase.

For more information about the law firms, the lawyers, and the oil and gas investment practice area, please visit the oil and gas investment website at: www.oilgasfinraarbitration.com. You can also contact toll-free Mr. Silver at: (800) 975-4345 or fill out our online form for a confidential, no-cost consultation on the potential for recovery of your investment losses. Our attorneys represent clients nationwide in securities cases to recover investment losses. There is no fee unless we obtain a recovery for you.

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