Collapse in Oil Prices Causing Large Losses in Energy Stocks and High Yield Bonds
Energy Stocks and high yield bonds from oil and gas companies have suffered large losses after the collapse of oil prices. Investors, including many seniors and others seeking income were encouraged to invest in energy stocks, master limited partnerships (MLPs) or oil and gas offerings as a conservative way to enjoy growth and income. Many investors were solicited to over-concentrate their portfolio in these investments. Financial advisors, brokerage firms and others frequently touted these investments improperly downplaying the risk of these investments.
The price of oil is historically volatile making many of these investments risky and speculative. Conservative investors or seniors should not have been sold these investments as reasonable replacements for more traditional and conservative investments.
We are currently investigating claims for unsuitability, over-concentration, and sales practice violations by the brokerage firm or investment banks which sold these investments:
- Linn Energy (LINN)
- ONEOK Partners (OKS)
- Mobile Energy (ME)
- Alerian MLP ETF (SMLP)
- Seadrill Limited (SDRL)
- Cobalt International Energy (CIE)
- Sandridge Energy (SD)
- Camac Energy (CAK)
- Hercules Offshore (Hero)
Silver Law Group represents the interests of investors who have been the victims of investment fraud. If you have questions about your legal rights, please contact Scott Silver of the Silver Law Group for a free consultation at firstname.lastname@example.org or toll free at (800) 975-4345.