The White Law Group announces a securities investigation involving Noble Royalty Access Fund 12
The White Law Group, LLC is investigating the liability brokerage firms may have for recommending Noble Royalty Access Fund 12 to investors.
The firm has handled a number of claims involving Noble. In those claims, the firm has alleged, among other things, that the Noble 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 Noble investments (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 commission for limited partnerships like Noble Royalty Access Fund 12, are often 7% - 10%.
If a broker misleads a client or makes unsuitable investment recommendations 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 Noble Royalty Access Fund 12, 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.