Articles Tagged with MLP attorney

shutterstock_85873471-300x200The investment fraud attorneys at Gana Weinstein LLP have been investigating Wells Fargo Clearing Services, LLC (Wells Fargo) broker Walter Stucker (Stucker). According to BrokerCheck Records kept by the Financial Industry Regulative Authority (FINRA), Stucker has been subject to three customer disputes, one of which is still pending. The majority of these disputes involve the false representation and unsuitable recommendation of securities in the energy sector and oil and gas limited partnerships.

In April 2018, a customer alleged that from 2011 to 2017, Stucker falsely represented the nature of sector securities to the customer by omitting the risks associated with the securities. The customer also alleged that Stucker unsuitably over-concentrated the customer’s funds into these investments. The customer has requested $600,000 in damages. This dispute is currently still pending.

In December 2017, a customer alleged that from July 2011 to December 2017, Stucker misrepresented the risky and volatile nature of oil and gas limited partnerships to the customer and unsuitably over-concentrated the customer into these investments.  The customer requested $632,907 in damages.

shutterstock_38114566-300x199According to BrokerCheck records financial advisor Matthew Werthe (Werthe), employed by Raymond James Financial Services, Inc. (Raymond James), has been subject to three customer complaints.  According to records kept by The Financial Industry Regulatory Authority (FINRA) Werthe has been accused by a customers of unsuitable investment advice concerning various investment products including energy stocks most likely including master limited partnerships (MLPs).  The law offices of Gana Weinstein LLP continue to report on investor related losses and potential legal remedies due to recommendations to investor in oil and gas and commodities related investments.

The most recent claim was filed in April 2018 and alleges fraud, excessive trading, churning, unauthorized trading, Ohio consumer fraud, breach of fiduciary duty, unsuitability, breach of contract, negligence, and unjust enrichment.  The customer claimed $728,000 in damages and the claim is currently pending.

Our firm handles claims and is also investigating securities claims against brokerage firms over sales practices related to the recommendations of oil & gas and commodities products such as exchange traded notes (ETNs), structured notes, private placements, master limited partnerships (MLPs), leveraged ETFs, mutual funds, and individual stocks.