CLEVELAND–(BUSINESS WIRE)–The Peiffer Rosca Wolf law firm has commenced an investigation into sales practices by securities-licensed professionals who recommended that their clients invest in securities issued by BreitBurn Energy, Reef Oil and Gas, and other energy businesses.
BreitBurn Energy is an independent oil and gas limited liability partnership that focuses on the acquisition, exploitation, and development of oil and natural gas properties in the United States. Reef Oil and Gas Companies is a limited liability company that focuses on oil and natural gas exploration, production, and property acquisitions.
While investments in BreitBurn Energy and Reef Oil and Gas may have been suitable to some investors – and no misconduct on the part of these entities is being alleged – they were unsuitable for other investors, given the risks surrounding such energy business investments.
Investigation by the Peiffer Rosca Wolf lawyers suggests that some financial planners, brokers, and other investment professionals allegedly encouraged their clients to invest in energy companies with the promise of large payouts, despite the fact that such investments often presented a high degree of risk. Such inappropriate sales practices may have caused many investors to face substantial losses.
The Peiffer Rosca Wolf securities practice lawyers Alan Rosca and Joe Peiffer are investigating inappropriate investment recommendations by certain investment advisors to the investing public, surrounding energy businesses, and are preparing to take action.
What You May Do
If you have information that would assist the Peiffer Rosca Wolf law firm in its investigation or would like to discuss your legal rights, you may, without obligation or cost to you, contact the Peiffer Rosca Wolf attorneys Alan Rosca or Joe Peiffer by email at arosca@prwlegal.com or by telephone, toll free at 888-998-0520.
About Peiffer Rosca Wolf
Peiffer Rosca Wolf Abdullah Carr & Kane, A Professional Law Corporation (“Peiffer Rosca Wolf”) prosecutes securities actions throughout the U.S. For important information about the Peiffer Rosca Wolf law firm, please visit www.securitieslitigators.com. Attorney Advertising. Prior cases do not guarantee a similar outcome. Please visit our website for important disclosures, office locations, and lawyer admissions.