Category: Energy Sector Losses

In February 2018, a former client of Wilbanks Securities, Inc. won an award in a FINRA arbitration for compensatory damages for $1.378 million for losses due to investments with Aztec XII Oil and Gas through Aztec Oil & Gas, Inc. … Continue reading →

There are options for customers of Wedbush Securities, Inc. who experienced losses due to their financial advisor concentrating their clients’ investment portfolios in the high risk energy sector. Over the past few years, oil prices have significantly declined. A supply … Continue reading →

Were you the victim of Merrill Lynch, Pierce, Fenner & Smith Incorporated financial advisor James Lowther (CRD# 2043169) who is alleged to recommend unsuitable investments, including energy stocks and master limited partnerships (MLPs)? Lowther has been registered with Merrill Lynch, … Continue reading →

Did you lose money investing with former H. Beck, Inc. financial advisor George Oldoerp (CRD# 1852219) in the high risk energy sector? Oldoerp has been registered with H. Beck, Inc. in Corona, California from 2002 to 2016. Over the past … Continue reading →

Erez Law recently filed a $436,000 FINRA arbitration against Janney Montgomery Scott, LLC. The Erez Law clients allege that Scott Palmer (CRD# 817586), who was a registered representative of Janney Montgomery Scott, LLC concentrated their investments in the high risk … Continue reading →

Erez Law is currently investigating Wells Fargo financial advisor Jeffrey Wilson (CRD# 1161819) regarding unsuitable energy investments. Wilson has been registered with Wells Fargo in Las Cruces, New Mexico since 2014. Over the past few years, oil prices have significantly … Continue reading →

In January 2018, a former client of Morgan Stanley Smith Barney LLC broker John Yeoman (CRD #867840) settled a FINRA arbitration case for wherein he sought compensatory damages for losses sustained from unsuitability of stock positions in Energy Transfer Equity; … Continue reading →

Former clients of UBS Financial Services, Inc. settled three FINRA arbitrations for losses sustained from investments in high risk oil and gas stocks. The investors were clients of financial advisors John Carolyn (CRD# 4485799) and Alfred Kovacs (CRD# 1338713). In … Continue reading →

Erez Law is currently investigating Raymond James & Associates financial advisors across the country who recommended the sale of oil and gas Master Limited Partnership investments in Memorial Production Partners LP. MLPs are limited partnerships that are publicly traded. It … Continue reading →

In November 2017, a former client of Morgan Stanley Smith Barney LLC and Wells Fargo Advisors, LLC settled a FINRA arbitration for losses sustained from investments in Arch Coal, Inc. and Cliffs Natural Resources. The investors were clients of financial … Continue reading →