The national securities law firm, Levin Law, P.A. (“Levin Law”) is investigating brokerage firms that recommended and sold shares in DCP Midstream Partners (ticker symbol, DCP) (“DCP Midstream”), bonds issued by DCP Midstream or energy investments to their customers. If your stockbroker, investment advisor, or other financial professional recommended and sold shares in DCP Midstream Energy, DCP Midstream bonds, or other energy investments to you and you suffered significant losses, please contact us at 305-402-9050 or firstname.lastname@example.org. In the last several months, DCP Midstream shares dropped around 80% in price. Many brokerage firms marketed and sold investments in DCP Midstream as being conservative investments. Further, many financial institutions recommended and sold DCP Midstream to investors with low risk tolerances, such as elderly investors and those seeking income and capital preservation, without fully and adequately disclosing the important risks and rewards of DCP Midstream.
Investments in Energy Companies Can be Risky
According to www.marketwatch.com, DCP Midstream LP engages in the business of gathering, compressing, treating, processing, transporting, storing and selling natural gas. It operates through three segments: Gathering & Processing powerhouse, Logistics & Marketing, and Growth Projects. The Gathering & Processing powerhouse segment engages in gathering and processing of raw gas to make it marketable. The Logistics & Marketing segment consists of multiple downstream assets including fractionators, NGL pipelines, and NGL storage facilities. The Growth Projects segment includes Mewbourn 3, which is a cryogenic natural gas processing plant in the DJ Basin. The company was founded in August 2005 and is headquartered in Denver, CO
Unfortunately, investments in energy companies can be risky – particularly when financial advisors recommend that customers invested a significant percentage of their money in energy companies, known as over-concentration. Unfortunately, many financial professionals told their clients that placing a significant portion of their account assets in energy companies was a “safe” or conservative strategy. When making recommendations to purchase securities, financial advisors have the duty to fully explain all materials risks of such investments. Many financial advisors, however, failed to disclose the true risks inherent in DCP Midstream, resulting in DCP investors thinking that their investments were “safe.” Many investors were understandably surprised when their so-called safe investments dropped significantly in value during the most recent market decline, resulting in part due to the spread of the Coronavirus and the decline in the energy markets. Aggrieved investors may be able to recoup their losses by suing their financial institutions in a Financial Industry Regulatory Authority (“FINRA”) arbitration.
Contact Levin Law at (305) 402-9050 or email@example.com today if you were an investor in any DCP Midstream Energy bond. Levin Law represents investors throughout the United States and the rest of the world. Levin Law’s founding attorney has recovered nearly $100 million in assets for investors.
If your investment professional, stockbroker, or banker recommended that you purchase DCP Midstream shares or bonds or any other oil and gas investments and you have suffered losses, you may be able to recover your losses through a FINRA arbitration claim.
If you have suffered significant losses in DCP Midstream shares, DCP Midstream bonds, or other oil and gas investment, please contact Levin Law managing partner, Brian Levin, at 305-402-9050, firstname.lastname@example.org, or visit Levin Law’s website, www.levinlawpa.com. Levin Law accepts most cases on a contingency-fee basis, meaning that clients are not obligated to pay Levin Law’s attorney fees unless money is recovered for the investor.
Levin Law is a premier national securities and class action law firm with significant experience. Brian Levin, Levin Law’s founding attorney, has helped recover approximately $100,000,000 through securities arbitration and litigation for individual and institutional investors throughout the country and the rest of the world. Levin Law represents retirees, individual investors, high-net-worth investors, ultra-high-net-worth investors, institutions, family offices, trusts, publicly held companies, and others.