Ernesto Chavez (CRD: 4315877) faces a new pending claim on BrokerCheck over an investment made in 2018. The customer alleges $180,000 in damages, and no arbitrator has ruled on the claim.
Soreide Law Group has heard from many investors whose brokers over-concentrated their portfolios in high-risk oil and gas investments creating devastating losses to their conservative portfolios.
The Bakken Income Fund filed for bankruptcy October 17, 2016 after raising $20.6 million from 309 investors according to a filing with the SEC in Feb. 2015. They claimed they have under 50 creditors and between $1 million and $10 million in assets. Bakken Income Fund has oil, gas and mineral leases as assets, and a variety of real property.
Bakken Income Fund is a shale oil investment fund managed by Coachman Energy Partners, a wholly-owned business of Greenwood Village-based Coachman Energy LLC. Coachman Energy has been investing in North Dakota’s Bakken shale since 2006. On the Coachman Energy website, it states that the company manages acquisition and development projects in North Dakota, Montana and Colorado. Bakken Income Fund and Coachman are based in Colorado.
Bakken Income Fund and Coachman Energy Partners raise money by offering Regulation D private placements, which can be risky. Private placements are unregistered securities and are not regulated with the same scrutiny as traditional stocks. Some of the private placements offered by the Bakken Income Fund and Coachman Energy Partners are as follows:
Coachman Energy Land II LLC
Coachman Energy VI LP
Coachman Energy VIB LLC
Coachman Energy VII Offshore Feeder Fund LTD
Coachman Energy VII Onshore Feeder Fund LP
Bakken Drilling Fund III LP
Bakken Drilling Fund IV LP
Bakken Drilling Fund IVB LLC
If your broker/dealer did not do the proper due diligence when recommending these high-risk energy investments and you suffered losses in these or other funds, contact Soreide Law Group for a no-cost consultation regarding the possible recovery of your financial losses at: 888-760-6552.
Soreide Law Group operates on a contingency fee basis and we represent clients nationally before FINRA.
Ernesto Chavez (CRD: 4315877) faces a new pending claim on BrokerCheck over an investment made in 2018. The customer alleges $180,000 in damages, and no arbitrator has ruled on the claim.
William Tunink (CRD: 2738224) settled a customer claim for $299,000 on August 11, 2026, according to his BrokerCheck report. The customer alleged that he obtained loans from the customer, and that some of the money went into an investment.
Tony Barouti (CRD: 3031995) faces a pending $230,400 customer claim, according to his BrokerCheck report. He says the allegations in it are false. His report also lists SEC administrative and cease-and-desist proceedings from August 2025.
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