Español Inner
Published on:

Investors Could Recover Texas Energy Exoro Private Placement Losses

Investment fraud lawyers are currently investigating claims on behalf of investors who suffered losses as a result of their investment in Texas Energy Exoro. Texas Energy Exoro’s Securities and Exchange Commission Form D filing states that it is an offering of Texas Energy Holdings, an oil and gas drilling company based in Dallas, Texas. The company offered the Regulation D private placement to raise capital, and certain Financial Industry Regulatory Authority (FINRA)-registered broker-dealers offered and sold the private placement.

Investors Could Recover Texas Energy Exoro Private Placement Losses

According to securities fraud attorneys, private placements allow smaller companies to use the sale of debt securities or equities to raise capital without it becoming necessary for them to register these securities with the Securities and Exchange Commission. Because these investments are typically more complicated and carry more risk than other traditional investments, they are usually only suitable for sophisticated, high-net-worth investors.

Investment fraud lawyers say that because the creation and sale of private placements often carry high commissions, these investments continue to be pushed by brokerage firms despite the fact that they may be unsuitable for investors. FINRA rules have established that brokers and firms have an obligation to fully disclose all the risks of a given investment when making recommendations, and those recommendations must be suitable for the individual investor receiving the recommendation given their age, investment objectives and risk tolerance.

Current investigations regarding this investment are related to whether FINRA-registered brokerage firms can be held liable for improperly selling the Texas Energy Exoro Regulation D private placement and other high-risk private placements to their clients. Any investors who were recommended and sold the Texas Energy Exoro private placement that could not be considered sophisticated, high-net-worth investors could recover losses through FINRA arbitration.

If you suffered significant losses as a result of your investment with Texas Energy Exoro or another private placement, you may have a valid securities arbitration claim. To find out more about your legal rights and options, contact a securities fraud attorney at The Law Office of Christopher J. Gray at (866) 966-9598 for a no-cost, confidential consultation.

Contact Information