Stoltmann Law Offices is interested in speaking to those investors who were recommended and sold investments in Houston American Energy Corp (HUSA), an independent energy company. HUSA explores, develops and produces natural gas, crude oil and condensate from properties located in the Texas Permian Basin and Gulf Coast areas of the United States and South America. It is based in Houston, Texas. In March of this year, the stock exchange indicated that shareholder equity was below sufficient levels. HUSA is subject to a number of risks, including the potential inability to secure financing to fund completion costs, timing of drilling operations and drilling results, among other factors. Investments in securities such as HUSA tend to be risky and illiquid and are not suitable for all investors. Oil and gas and energy investments can be especially risky and your broker must take into account the client’s age, net worth, investment objectives and investment sophistication before recommending an investment. Your broker has an ironclad obligation to only recommend those investments that are suitable. If he does not, his brokerage firm can be held liable ofr investment losses. Please call our securities law firm today at 312-332-4200 to find out how you may be able to recover your investment losses in the arbitration forum if your broker recommended HUSA securities. We take cases on a contingency fee basis, so we only get paid if you receive money.
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