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Securities Fraud Investigation Involving Oil And Gas Master Limited Partnerships (MLPs)

The White Law Group is investigating the liability that brokerage firms and financial advisors may have for improperly recommending MLP investments..

A master limited partnership (NYSE:MLP) is a limited partnership that is publicly traded on an exchange qualifying under Section 7704 of the Internal Revenue Code. The objective of the MLP is to combine the tax benefits of a limited partnership with the liquidity of a publicly traded investment vehicle.

In the last few years, MLPs have become a popular way to structure oil and gas investments. In fact, according to Morningstar, from 2010 to 2014, more than $40 billion flowed into MLP mutual funds and exchange-traded funds.

Unfortunately for investors, many of the oil and gas MLPs are down substantially in the last year, largely due to the huge decrease in the price of oil.

Brokerage firms are required to make suitable investment recommendations, accounting for the investor's age, income, net worth, investment experience, and investment objectives. As many know, diversification is the key to reducing risk. As such, if a financial advisor recommended that an investor over-concentrate their investments in MLPs, that advisor and his/her firm could be held responsible for the resulting losses.

Specifically, The White Law Group is investigating the liability that brokerage firms may have for making bad bets on the following MLPs (among others):

World Point Terminal LP

Markwest Energy Partners LP

Crestwood Equity Partners LP

Shell Midstream Partners LP

Rice Midstream Partners LP

Linn Energy Upstream LP

Legacy Reserves MLP

Alerian MLP ETF

Mid-Con Energy Partners

Enlink Midstream Partners LP

DCP Midstream Partners LP

Antero Midstream Partners LP

Enable Midstream Partners LP

Southcross Energy Partners LP

Cone Midstream Partners LP

Legacy Reserves MLP

TC Pipelines LP

American Midstream Partners

JP Energy Partners LP

Targa Resources Partners LP

Enbridge Energy Partners LP

Columbia Pipeline Partners

Williams Partners LP

Midcoast Energy Partners LP

For more information on The White Law Group's investigation, visit http://www.whitesecuritieslaw.com/2015/12/16/recovery-of-master-limited-partnership-mlp-investment-losses/.

For a free consultation with a securities attorney, please call 312/238-9650.

The White Law Group is a national securities fraud, securities arbitration, and investor protection law firm with offices in Chicago, Illinois and Vero Beach, Florida. The firm represents investors in FINRA arbitration claims throughout the country.

Disclosure: I/we have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.