Lawsuit filed against Geneos Wealth Management to recover oil and gas investment losses

CHICAGO - Aug. 22, 2016 - PRLog -- The White Law Group announces that it has filed a Financial Industry Regulatory Authority (FINRA) arbitration statement of claim against Geneos Wealth Management, a financial services/brokerage firm doing business in Scottsdale, Arizona,  This claim seeks to recover losses between $100,000 and $500,000.

The claim, filed by The White Law Group, was submitted to FINRA Dispute Resolution on behalf of a Scottsdale, Arizona investor alleging claims for violation of common law fraud, breach of fiduciary duty, negligence, and negligent supervision. The claim further alleges that Geneos Wealth Management unsuitably invested the client in high risk oil and gas private placements, Reef 2011 Private Drilling Fund,LP and Noble Royaltv Access Fund VII, LP.

"It's possible there are other investors who have suffered losses in these private placements who just don't realize they have recourse, or may be unaware of any misconduct," said D. Daxton White, managing partner of The White Law Group, a national securities fraud, securities arbitration, investor protection and securities regulatory/compliance law firm with offices in Chicago, Illinois and Vero Beach, Florida.

"Brokerage firms are required to supervise their advisors to ensure that they are complying with FINRA rules. If it can be determined that the financial advisor violated FINRA rules and the employers failed to adequately supervise him, these firms can be held responsible for any resulting losses in a FINRA arbitration claim."

FINRA Dispute Resolution is an arbitration venue for investors with claims against their brokerage firm or financial professional.  It provides investors with an opportunity to attempt to recoup their investment losses and is an alternative to filing such claims in court.

For more information on the claim filed by The White Law Group, please contact the firm's Chicago office at 312-238-9650.

The White Law Group 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 and its representation of investors in FINRA arbitration claims, visit http://www.whitesecuritieslaw.com.