Broker-Dealers May Have Unsuitably Sold This Risky Investment To Retail Customers and Retirees
If your broker recommended that you purchase shares in Atlas Growth Partners, LP, you may be able to file a Financial Industry Regulatory Authority (FINRA) arbitration claim against the broker-dealer. Unfortunately, according to the limited partnership’s filings with the US Securities and Exchange Commission (SEC), Atlas Growth investors may have lost nearly 99% of their principal. Not only that, but after raising more than $230M from thousands of investors, as of March 31, 2021, the company was only able to report net assets of under $4M. This means that Atlas Growth investors could be looking at more than $200M in losses.
Our Texas oil and gas securities lawyers at Shepherd Smith Edwards and Kantas (investorlawyers.com) are working with Atlas Growth Partners investors, including many retail investors and retirees, that were unsuitably sold shares in this company. Please contact us today at (800) 259-9010 so that one of our securities attorneys can help you explore your legal options.