Investors may be able to recover all or a portion of their investment losses with Miller Energy Resources stock by filing a lawsuit against the brokerage firm that sold you the investments in it. If your broker sold you shares of Miller Energy Resources stock, your brokerage firm may be liable for those losses, because it had a reasonable duty to supervise its registered representatives. A broker and brokerage firm must do their due diligence on every product that is recommended and sold to investors, and the client’s age, net worth, investment objectives and investment risk tolerance must be taken into account. If it is not, the client can suffer losses. Miller Energy was a company based in Tennessee that operated and developed oil wells in central Alaska. The company filed for bankruptcy in 2015 following allegations of accounting fraud related to audits of its holdings. Oil and gas and energy securities, much like Miller Energy, are not suitable for many investors, because of the decline of the price of oil over the last few years. Many companies have been bankrupted, and investors are suffering the consequences. Please call us today at 312-332-4200 if you lost money in Miller Energy because of the recommendation or sale of it by your broker.
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