A National Securities Arbitration & Investment Fraud Law Firm
Our attorneys are investigating customer losses in Pacific Energy Development, an investment offered and sold by National Securities Corporation Inc. (NSC) to its retail clients.
If you have suffered losses in Pacific Energy Development) , 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 2014, National Securities Corporation underwrote Pacific Energy Development’s stock offering. At the close of the offering, National Securities Corporation raised over 2 million ($2,160,415.00). Pacific Energy Development) was listed on the NYSE under the stock symbol “PED”. As of November 14, 2017, Pacific Energy Development) stock is worth $0.31 per share.
Pacific Energy Development Company Profile:PEDEVCO Corp. (dba Pacific Energy Development Corp.) (NYSE MKT: PED) is a publicly listed, energy company engaging in the acquisition and development of strategic high-value energy projects, including shale oil and gas assets, in the United States. The Company’s principal asset is located at the D-J Basin in Weld and Morgan Counties in Colorado
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.