We are evaluating potential investor cases for persons who may have suffered losses on Minerva-Rockdale E&P IV.
The Minerva-Rockdale E&P IV, LLC, private placement offering in March 2013, authorized the issuer Euro Pacific Capital to raise $17,365,000 for a pooled investment fund to invest in existing oil production in Texas. This investment is a private placement offering and therefore interests in this investment cannot be sold on any conventional market.
Stockbrokers are required to only make recommendations to investors that are suitable given age, health and level of financial sophistication. Private offerings in the energy sector such as this may not be suitable for retirees and those lacking financial sophistication.
Recently, the Manager of a related fund, Minerva-Rockdale E&P III sent out a letter advising investors that they are still not receiving any revenue from the property. Investors were also advised in the letter that ” a few new developments also do not bode well for the longevity and financial health of our company”. See this for more details on Minerva-Rockdale E&P III.
If you have losses on Minerva-Rockdale E&P III or IV, you may be able to recover losses through FINRA arbitration. Call to learn your options.
Rex Securities Law , with offices in Boca Raton, FL, and Austin, TX, provides representation to investors nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers and broker dealers. If you have questions about how your account has been handled, call to speak with an experienced securities attorney.
Most cases handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.
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