Did Your Broker Recommend Adageo Energy Partners LP?

Did your broker or financial advisor recommend investing  in Adageo Energy Partners LP?  Soreide Law Group may be able to recover your losses through a FINRA arbitration. FINRA requires broker/dealers to conduct due diligence and suitability when recommending securities to their clients. Broker/dealers that fail to conduct adequate due diligence, or make unsuitable recommendations, taking into account the client’s risk factors, can and should be held responsible for the client’s losses in a FINRA arbitration claim.
Adageo Energy Partners LP is an independent oil and gas company.  According to their website, Adageo Energy specializes in “capitalizing on high-growth, high-return opportunities in the energy sector.” They claim that their focus includes the identification, acquisition, drilling, development and operation of oil and gas properties, the construction and operation of natural gas pipelines, and the marketing of gas passing through their pipeline systems.
Soreide Law Group has been contacted by several investors regarding losses in Adageo Energy. Many of these investors did not understand, nor were they ever given the necessary information by their brokers, on the high risk they were taking with Adageo Energy.  Many of these investors have a low to moderate risk level making this investment unsuitable for their portfolios.  The broker/dealer must always do their due diligence on such investments and pass the correct information on to their clients.
Regardless of the growth as an investment, limited partnerships have been extremely risky investments that demand a careful suitability analysis and due diligence by financial professionals before they are recommended for investors.  These investments tend to be highly illiquid and require long holding periods. This can make an investment unsuitable for certain investors if they are at a time in their lives where access to cash is important, or if the investor told their broker that liquidity was important to them.
Oil and gas limited partnerships, like other alternative investments, also tend to be high-commission products.  This gives brokers an incentive to recommend and sell these products to investors without performing the necessary suitability analysis required of them by FINRA and other securities laws.
If you invested in Adageo Energy Partners LP at the recommendation of your broker/dealer or financial advisor, and you experienced losses in this extremely volatile oil and gas limited partnership, call Soreide Law Group for a no-cost consultation regarding the possible recovery of your investment losses through a FINRA arbitration at:  888-760-6552.
Soreide Law Group represents clients nationally before FINRA and operates on a contingency fee basis.  Let our years of experience work for you.