According to Bloomberg, Noble Royalties, Inc. acquires, funds, and manages oil, gas, and coal royalty properties. It acquires producing and non-producing oil royalties, gas royalties, and overriding royalties in the United States. The company was founded in 1997 and is based in Addison, Texas.
Noble Royalties offers several investment products to accredited investors through various broker-dealers. But oil and gas private placements are often speculative ventures. Broker-dealers are required by the Financial Industry Regulatory Authority (FINRA) to sell private placements only to accredited investors that meet suitability standards.
The investors' age, risk tolerance, net worth, and investment experience must be considered to determine whether a particular investment recommendation is suitable. Broker-dealers that overlook FINRA suitability requirements can be liable for investment losses through FINRA arbitration.
The White Law Group is investigating the liability some broker-dealers may have for selling Noble investment products, such as Noble Royalty Access Fund V, to unsuitable investors.
For more information, see Investor Alert: Noble Royalty Access Fund GP.
If you suffered significant losses and want to learn more about your legal options against the broker-dealer that sold you a Noble Royalties investment, please contact the securities attorney of The White Law Group at (888)637-5510 for a free consultation.
The White Law Group, LLC is a national securities fraud, securities arbitration, and investor protection 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.