Haselkorn & Thibaut, P.A., operating as Investment Fraud Lawyers has formally opened a national investigation into financial advisors and brokerage firms that recommended or sold Resolute/PetroRock Oil and Energy investments to individual investors. Our attorneys are actively seeking information and complaints from investors who suffered losses related to these high-risk oil and gas private placements.
As former Wall Street defense counsel with over 95 years of combined securities law experience, we draw on direct insider knowledge of brokerage conduct, regulatory standards, and how large investment houses operate. This expertise positions our firm to aggressively fight for your recovery if you were harmed by unsuitable or misleading recommendations involving private placements like those offered by PetroRock Mineral Holdings, Resolute Capital Partners, and Homebound Resources.
Key facts for investors:
- Our attorneys have handled hundreds of investor claims with a 98% success rate.
- More than $520 million in securities matters involved.
- Designated in the top 2% of peer-reviewed litigation attorneys (Martindale-Hubbell AV Preeminent), awarded Super Lawyers status, and consistently rated 5.0 stars by clients.
- No recovery, no fee—you pay us nothing unless we recover your funds.
What triggered our investigation?
Our firm began investigating after the SEC charged PetroRock and Resolute principals Thomas Joseph Powell and Stefan Tiberiu Toth with unregistered securities sales, misrepresentation of risks and returns, and fraudulent practices. These entities raised over $250 million from retail investors by marketing non-public offerings without required SEC registration and often targeting individuals unsuited for such high-risk, illiquid products.
Our inquiry focuses on:
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What complaints and red flags should investors look for?
Even without a specific advisor identified in the public record, patterns of sales and reported investor harm reveal significant warning signs. If you experienced any of the following regarding your Resolute, PetroRock, or other private placement investments, you may have grounds for a claim:
- Substantial, unexplained, or unexpected losses in your portfolio tied to oil and gas
- Your advisor or broker failed to explain liquidity risks or portrayed the investments as safer than they were
- You were told you could easily sell or redeem your investment, only to find out it was untradeable or illiquid
- Misleading statements regarding potential tax benefits
- High commissions or bonus incentives were paid to the advisor for the sale
- Your risk profile was ignored, or you were encouraged to put a significant portion of your account into a single investment product or sector
- Your advisor failed to disclose conflicts of interest, such as being paid more for pushing certain investments
- Unauthorized or unexplained transactions appear on your account statements
- Your advisor has become unresponsive, is evading questions, or their broker-dealer is not addressing your concerns
- Any written or verbal complaints to your brokerage firm remain unresolved
Lawsuit or FINRA Arbitration—What’s the difference?
In cases like these, investor claims are not typically pursued through lawsuits in court. Instead, you may recover your losses through FINRA arbitration. FINRA (Financial Industry Regulatory Authority) arbitration is a specialized and often faster forum for investor-versus-brokerage disputes. In arbitration, our attorneys advocate for you before neutral arbitrators, presenting evidence of suitability violations, misrepresentation, negligence, or outright fraud by a brokerage firm or advisor. This path, combined with our same-industry experience, is often the most direct route to potentially recover your lost funds.
How can you confirm if your advisor or broker-dealer is under scrutiny?
- Review your account statements and trade confirmations to identify the name of the advisor or broker-dealer responsible for your investment recommendations.
- Use FINRA BrokerCheck to search for disclosures, complaints, or regulatory actions involving your advisor.
- If you dealt directly with the company or its principals, such as Thomas Joseph Powell or Stefan Tiberiu Toth, be aware they were not FINRA-registered representatives, so BrokerCheck may not show records for them.
- If your documents include an advisor name or CRD number, BrokerCheck can help reveal misconduct or a history of disputes.
If your advisor or firm failed to conduct adequate due diligence or recommended investments that were inconsistent with your true risk tolerance and goals, you may be eligible for substantial recovery.
Summary of complaints and key investor concerns:
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What should you do if you believe you were affected?
- Do not wait: statutes of limitations and procedural rules can affect your rights to recovery.
- Gather your account statements, emails, and copies of any investment brochures or offering documents.
- Speak confidentially with an experienced former Wall Street defense attorney at our firm. Your first consultation is free, and there is no fee unless we recover your funds.
Don’t let uncertainty or inaction cost you any more of your hard-earned savings. Our team is standing by to fight for your rights and maximize your recovery.
For a confidential, no-obligation case review, call our attorneys now at 1-888-885-7162.
