A National Securities Arbitration & Investment Fraud Law Firm
Our attorneys are investigating customer losses in Miller Energy Resources Inc., an investment offered and sold by National Securities Corporation Inc. (NSC) to its retail clients.
If you have suffered losses in Miller Energy Resources Inc., please contact our lawyers for a free and confidential consultation concerning your legal rights and the possibility of recovery.
At Silver Law Group, we know from experience that not every investment recommended and solicited by a stockbroker is suitable and appropriate for the customer. We have seen, particularly in the initial public offering (IPO) space, that investors are often falsely promised high returns and low risk, when in truth the investment is speculative and subject to the loss of principal. Your financial advisor and the securities firm who sells the investment have a legal duty to fully explain the nature of the investment, its inherent risks and the possibility of loss.
Brokers and financial advisors may push risky initial public offerings on unsuspecting investors based upon strong financial incentives, including large commission payouts. Investors in such offerings must realize that these investments are inherently risky and should be considered very carefully before making a decision to invest. Representations made by stockbrokers that such investments are “safe” and “guaranteed” are typically false and are a red flag of possible fraud.
National Securities Corporation Inc. Role in the Investment:In 2013, National Securities Corporation underwrote Miller Energy’s Inc. stock offering. At the close of the offering, National Securities Corporation raised $25 million. Miller Energy Resources Inc. was listed on the NYSE under the stock symbol “MILL”. In 2015 Miller Energy Resources filed for bankruptcy and was delisted by the NYSE
Miller Energy Resources Inc. Company Profile:Miller Energy Resources Inc was an oil production company based in West Knoxville that specialized in Alaska oil exploration and production. Due to a series of accounting errors, mismanagement and legal problems. Miller was forced to declare bankruptcy and relinquish its assets to it’s creditors.
Silver Law Group represents investment fraud victims in cases to recover their investment losses. If you have questions about your legal rights, please contact Scott Silver of the Silver Law Group for a free consultation at ssilver@silverlaw.com or toll-free at (800) 975-4345.