On July 21, 2014, California officials said a $20.4 million judgment was obtained against Synergy Oil LLC, a Newport Beach firm, and company manager, Robert Falco, for fraudulently marketing oil and gas investments. The judgment was ordered in late June in Orange County Superior Court. The judge ordered the defendants to return the money clients had invested, and pay a $6.6 million fine. The judgment also said that Synergy and Falco violated a 2011 “desist and refrain” order which was issued by the state.
The State of California sued Synergy Oil LLC and Robert Falco in 2012. They alleged that 265 clients from around the country were conned into investing $13 million in oil and gas exploration deals.
If your broker/financial advisor recommended the purchase of Synergy Oil stock, or you have experienced a loss through risky oil and gas stocks, call a Securities Arbitration Lawyer for a free consultation on how to potentially recover your losses. To speak with an attorney, call 888-760-6552. Soreide Law Group has represented clients nationwide.
Investors potentially experienced sales practice violations by securities broker Rajesh Markan [CRD: 4553309, Dallas, Texas], and United States Securities and Exchange Commission barred him, based on public information on Financial Industry Regulatory Authority (FINRA) BrokerCheck. Markan worked for Merrill Lynch from May 8, 2009, through November 4, 2022, and Hilltop Securities Inc. from October 5, […]
Investors potentially incurred losses because of securities broker Tory Duggins [CRD: 4556340, New York, New York], and FINRA barred him, given the public information found on FINRA BrokerCheck. Duggins worked for Spartan Capital Securities LLC from February 29, 2016, to January 31, 2024. See below to find out more about Duggins’s disclosures. FINRA Sanctioned Duggins […]
Financial Industry Regulatory Authority (FINRA) barred securities broker Brian James Pavelko [CRD: 6347352, Milpitas, California], according to information disclosed through BrokerCheck. Pavelko worked for SW Financial from September 20, 2018, to March 3, 2022, and NI Advisors from March 13, 2022, to December 23, 2025. Investors are encouraged to continue reading to learn more about […]
Phone:
Fax: 1-954-760-6553
Email: info@securitieslawyer.com