Bradford Drilling Investigation

Nov. 07, 2016 3:18 PM ET
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Securities attorney

Contributor Since 2011

The White Law Group is a national securities fraud, securities arbitration, investor protection and securities regulatory/compliance law firm with offices in Chicago, Illinois and Vero Beach, Florida. We pride ourselves on providing quality legal services to our clients and handle securities fraud cases throughout the country. Many of our clients have lost a significant portion of their net worth as the result of the negligence of their financial professional. As such, we believe that part of our role as attorney is to offer a supportive environment for our clients and to provide advice and support as we attempt to recover these investment losses. Dedicated to the representation of investors in claims against their financial professional or brokerage firm, The White Law Group has the expertise to help investors defrauded in securities, investment and financial business transactions. For more information about The White Law Group call our Chicago office at 312-238-9650 or visit us on the web at http://www.whitesecuritieslaw.com.

The White Law Group continues to investigate potential FINRA arbitration claims involving Bradford Drilling investments.

According to its Form D SEC filing, Bradford Exploration is a Buffalo, New York based oil and natural gas development company. In order to raise capital for its offerings, Bradford Drilling Associates filed a Form D Notice of Sale of Securities with the Securities and Exchange Commission. A Form D Notice of Sale of Securities is a limited offering exemption which small companies use to raise funds in what is called a "private placement." Bradford Drilling's private placement was then offered and sold by certain FINRA registered broker-dealers.

Private placements are often riskier and more complicated than traditional investments, and are only suitable for high net worth, sophisticated investors. Notwithstanding the risks of investing in private placements, brokerage firms continue to push this type of investment because of the high commissions associated with their sale and creation.

Brokers that sell private placements have a fiduciary duty to investors and should only recommend private placements to accredited investors or those who meet suitability standards. Private placements are exempt from the typical registration requirements of the federal Securities Act of 1933. However, because of the high commissions earned, many brokers push the sale of private placements on investors that do not have the requisite experience to understand the investments.

If you suffered significant losses as a result of your investment in a Bradford Drilling Associates private placement and were misinformed about the risks, you may have a valid securities arbitration claim against the broker-dealer.

The White Law Groups is investigating Bradford private placements, including the following:

Bradford Drilling Associates XXXI LP

Bradford Drilling Associates XXXII LP

Bradford Drilling Associates XXXIII LP

Bradford Drilling Associates XXXIV LP

To determine whether you may be able to recover your investment losses through a FINRA arbitration claim, please contact the attorneys of The White Law group at (888)637-5510 for a free consultation.

The White Law Group, LLC is a national securities arbitration, investor protection, and securities regulation/compliance law firm with offices in Chicago, Illinois and Vero Beach, Florida.

For more information on The White Law Group, please visit http://www.whitesecuritieslaw.com.

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

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