Ridgewood Energy Fund Securities Investigation

The White Law Group announces a securities investigation involving Ridgewood Energy Fund

Vero Beach, Florida, 2017-Oct-10 — /EPR Network/ —The White Law Group, LLC is investigating the liability brokerage firms may have for recommending Ridgewood Energy Fund to investors.

The firm has handled a number of claims involving Ridgewood offerings. In those claims, the firm has alleged, among other things, that the Ridgewood 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 Ridgewood funds (as the firms are required to do by FINRA Rules).

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 commissions for limited partnerships like Ridgewood Energy Fund, are often 7% – 10%.

If a broker makes unsuitable investment recommendations or misleads a client 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.”

To determine whether you may be able to recover investment losses incurred as a result of your purchase of Ridgewood Energy Fund, please contact The White Law Group at 1-888-637-5510.

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.com.

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