Soreide Law Group is filing a FINRA arbitration on behalf of our clients against CAPITAL INVESTMENT GROUP, INC. for the sales of Hard Rock Partners Drilling Program losses with broker:
CORT FREDERICK MEINELSCHMIDT (CORT MEINELSCHMIDT) (CRD#: 4757304)
Soreide Law Group has successfully sued broker/dealers for selling the now defunct oil and gas investment, Hard Rock Exploration, Inc. and also Hard Rock Partners 2011-A L.P. Drilling Program, and other Hard Rock sponsored offerings.
Hard Rock Exploration’s lender, Huntington National Bank, filed a motion to convert the company’s Chapter 11 proceeding to Chapter 7. The lender called it, a “hemorrhaging of cash” from the company and a rehabilitation of their business impossible.
According to Bloomberg, Hard Rock Exploration, Inc. provides oil and gas exploration and production services in Virginia and West Virginia. It focuses on drilling horizontal wells. The company was founded in 2003, and is based in Charleston, West Virginia. On September 5, 2017, Hard Rock Exploration, Inc. along with its affiliates filed a voluntary petition for reorganization under Chapter 11 in the U.S. Bankruptcy Court for the Southern District of West Virginia.
Soreide Law Group finds these kinds of private placements, or alternative investments, to be extremely high-risk for the low to moderate risk investor. They are sold as unregistered securities and are not regulated. Brokers must understand the objective for each of their clients before selling such a high-risk product.
According to FINRA’s BrokerCheck, CORT MEINELSCHMIDT, has 3 Disclosures on his report. Two of the Disclosures were Customer Disputes. Meinelschmidt was registered in the securities industry for 13 years was listed with the following 4 firms:
04/04/2012 - 01/09/2018 CAPITAL INVESTMENT GROUP, INC. - HAGERSTOWN, MD
07/08/2011 - 02/17/2012 WFG INVESTMENTS, INC - HAGERSTOWN, MD
05/19/2010 - 07/12/2011 LPL FINANCIAL LLC - HAGERSTOWN, MD
04/07/2004 - 05/06/2010 EDWARD JONES - HAGERSTOWN, MD
If the former Capital Investment Group broker, CORT MEINELSCHMIDT of Hagerstown, Maryland, sold you high-risk oil and gas private placements related to Hard Rock Exploration, Inc. or other offerings sponsored by Hard Rock, such as Hard Rock Partners 2011-A L.P., and you suffered significant financial losses, contact Soreide Law Group and speak at no cost to a lawyer experienced in the recovery of oil and gas stock losses through a FINRA arbitration at: 888-760-6552.
Soreide Law Group works on a contingency fee and represents our clients nationwide before FINRA.
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