Energy Sector Losses

Whiting Petroleum Corporation Investment Losses

Posted on Wednesday, September 11th, 2019 at 8:26 pm    

Did your broker recommend you over-concentrate your investment portfolio in Whiting Petroleum Corp.? Erez Law is currently investigating brokers across the country who recommend their clients invest in Whiting Petroleum Corp., a Denvil oil explorer. According to the fund’s website, Whiting Petroleum Corporation is an independent exploration and production company with an oil focused asset […]

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Erez Law Files Claim Against Morgan Stanley and Former Broker Jaime Sahlstrom for Energy Sector Losses

Posted on Tuesday, August 27th, 2019 at 7:44 pm    

Erez Law recently filed a statement of claim against Morgan Stanley. The customer alleges that Jaime Sahlstrom (CRD #4722007), a former broker at Morgan Stanley, recommended a speculative and unsuitable investment strategy of investing the client’s accounts in high risk investments which caused her to suffer significant losses to her irreplaceable retirement savings. The Erez […]

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Former LPL Financial LLC Client Wins FINRA Arbitration for $260,000 for Investment Losses

Posted on Tuesday, August 27th, 2019 at 8:12 am    

In April 2019, a former client of LPL Financial LLC won an award in a FINRA arbitration for compensatory damages for $250,000 plus interest and $10,000 in attorney’s fees for investment losses. The investors were clients of broker Thomas Borruso (CRD# 5475175). The causes of action included violations of FINRA Rules, NYSE Rules and NASD […]

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Former Wells Fargo Brokers Charles Frieda and Charles Lynch Energy Sector Losses

Posted on Wednesday, July 10th, 2019 at 7:02 am    

Did you suffer losses due to investments with Former Wells Fargo brokers Charles Frieda (CRD# 5502319) and Charles Lynch (CRD# 3004877)? The duo are accused of over-concentrating securities in the speculative and high risk energy-sector in their customer account. Frieda and Lynch were partners in business at Wells Fargo. In December 2017, Frieda and Lynch […]

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Former Raymond James & Associates Client Wins FINRA Arbitration for $1.8 Million for Energy Sector Losses

Posted on Wednesday, June 26th, 2019 at 3:50 pm    

In May 2019, a group of former clients of Raymond James & Associates, Inc. won an award in a FINRA arbitration for $1,790,003.17, which included $1.019 in compensatory damages, $200,000 in punitive damages, $422,000 in attorney’s fees, $14,000 in costs, and $31,003.17 in expert witness fees for losses sustained from high risk energy sector losses. […]

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Former Cetera Advisors LLC Broker George Merhoff Has 27 Customer Complaints on Record

Posted on Wednesday, June 26th, 2019 at 3:34 pm    

Former Cetera Advisors LLC broker George Merhoff (CRD# 2918171) was barred by FINRA. Merhoff was registered with Cetera Advisors LLC in Klamath Falls, Oregon from 2012 to April 2019, when he was terminated regarding, “Discharged due to violating firms policies and procedures by making undisclosed payments to a customer of the firm.” In June 2019, […]

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Former Raymond James Clients Wins $1.8 Million FINRA Arbitration for Penny Stock Losses

Posted on Tuesday, May 14th, 2019 at 3:09 pm    

In May 2019, 20 former clients of Raymond James won an award in a FINRA arbitration for compensatory damages for $1.123 million, $200,000 in punitive damages, as well as $422,000 in attorney fees, $14,000 in costs, and $31,003.17 in expert witness fees for losses sustained from investments in penny stocks tied to the high risk […]

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Did You Lose Money Investing in the High-Risk Energy Sector with Newbridge Securities Corporation Financial Advisor John Forrester?

Posted on Monday, April 1st, 2019 at 1:27 pm    

Erez Law is currently investigating Newbridge Securities Corporation financial advisor John Forrester (CRD# 728188) regarding energy sector losses. Forrester has been registered with Newbridge Securities Corporation in Boca Raton, Florida since 2010. According to public records, a former client filed a FINRA arbitration against Newbridge Securities Corporation, alleging misconduct that resulted in financial losses. The […]

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Former Wells Fargo Client Wins FINRA Arbitration for Almost $800,000 for Energy Sector Losses

Posted on Thursday, March 21st, 2019 at 2:53 pm    

In February 2018, a former client of Wells Fargo Clearing Services won an award in a FINRA arbitration for compensatory damages for $750,000, plus 9% interest per annum and $36,600 in witness fees for losses sustained from investments in the high-risk energy sector. The investors were clients of financial advisor Richard DeYoung (CRD# 863849). Respondents […]

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Erez Law Files Claim Against NFP Advisor Services, LLC Financial Advisor Kurt Jackson

Posted on Saturday, March 16th, 2019 at 11:30 am    

Erez Law recently filed a FINRA arbitration against NFP Advisor Services, LLC. Their customer alleges that Kurt Jackson (CRD #2913769) made unsuitable investment recommendations in illiquid investments, including those in the high risk energy sector. According to the filed claim, the widow and mother of two children, entrusted Jackson and NFP with her irreplaceable savings […]

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