In a recent article from InvestmentNews, it was reported that in a Financial Industry Regulatory Authority Inc. (FINRA) arbitration two claimants were awarded $2.66 million in damages due to losses from the sale of nontraded real estate investment trusts (REITs) and annuities. According to the FINRA award, the two claimants filed the FINRA claim against […]

Ridgewood Energy Corporation, of Ridgewood, New Jersey, manages private investment funds that develop and drill oil and gas projects located in the United States waters in the Gulf of Mexico. Many broker/dealers have sold Ridgewood Funds to their clients without conducting the a proper suitability analysis for such investments. These funds were not suitable for […]