The White Law Group announces the filing of a FINRA Arbitration claim against Reef Securities, Inc

HOUSTON - Jan. 8, 2018 - PRLog -- The FINRA claim was filed by The White Law Group and submitted on behalf of a Houston, Texas individual alleging claims for violation of common law fraud, breach of fiduciary duty, negligence, and negligent supervision. The claim further alleges that Reef Securities, Inc. unsuitably invested the client in the following high risk oil and gas private placement investment:

Reef Oil & Gas Drilling and Income Fund, LP (Formerly known as Reef 2011 - 2012 Drilling Program)

The claim seeks damages between $50,000 and $100,000.

Before recommending an investment, a broker-dealer has a fiduciary duty to adequately disclose the risks involved in the investment and to perform the necessary due diligence to determine whether the investment is suitable for the investor.

It is alleged Reef Securities, Inc. failed to perform the necessary due diligence on these investments prior to recommending them to this particular investors.

According to D. Daxton White, managing partner of The White Law Group, " It is unfortunate, but we believe that many more investors have suffered devastating losses due to the broker-dealer's failure to supervise and don't realize they have recovery options."

"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 without filing such claims in court.

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 The White Law Group and the claim filed against Reef Securities, Inc., please contact the firm at 1-888-637-5510 or visit https://www.whitesecuritieslaw.com.