Energy Sector Losses

Oil-Linked Exchange-Traded Products Investment Loss Options

Posted on Wednesday, May 27th, 2020 at 8:57 am    

Did your broker recommend you invest in Oil-Linked Exchange-Traded Products (ETPs) and you suffered investment losses? Brokers across the country recommended their clients invest in unsuitable oil, gas, and energy investments, which suffered significant declines when the market crashed due to the COVID-19 pandemic (the coronavirus of the winter and spring of 2020).  In May […]

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Energy Sector Losses with Oppenheimer & Co. Inc. Broker Timothy Atyeo?

Posted on Tuesday, April 28th, 2020 at 2:11 pm    

Erez Law is currently investigating Oppenheimer & Co. Inc. broker Timothy Atyeo (CRD# 1544728) regarding energy sector losses. Atyeo has been registered with Oppenheimer & Co. Inc. in Fort Lauderdale, Florida since 2003. Over the past few years, oil prices have significantly declined. A supply glut in 2014 and 2015 led to some of the […]

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Erez Law Files Claim Against Presidential Brokerage, Inc. and Broker Gregory Williams

Posted on Friday, March 27th, 2020 at 1:14 pm    

In March 2020, Erez Law filed a FINRA arbitration against Presidential Brokerage, Inc. The customers were clients of Gregory Williams (CRD# 1561089), who has been a registered representative of Forta Financial Group (also known as Presidential Brokerage, Inc.) in Greenwood Village, Colorado since 2011. The clients allege the following in the newly filed FINRA claim: […]

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Were You the Victim of B. Riley Wealth Management Broker Murray Roark?

Posted on Wednesday, January 15th, 2020 at 5:07 pm    

Erez Law is currently investigating B. Riley Wealth Management broker Murray Roark (CRD# 1041803) for investment losses. Roark has been registered with B. Riley Wealth Management in Dallas, Texas since 2011. Roark has been the subject of five customer complaints between 1999 and 2019, two of which were denied and one was closed without action, […]

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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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Erez Law Files Claim Against Cetera Advisors and Broker George Merhoff for Energy and Mining Sector Losses

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

Erez Law recently filed a FINRA arbitration against Cetera Advisors LLC for energy and mining sector losses. Their customers allege that George Merhoff (CRD# 2918171), who was a registered representative of Cetera Advisors LLC in Klamath Falls, Oregon from 2012 to April 2019, when he was terminated regarding, “Discharged due to violating firms policies and […]

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