There was a FINRA arbitration filed against Raymond James Financial for alleged over-concentration into risky oil and gas Canadian Royalty Trust stocks. The case alleges that the investors, a retired man in his 60s, and his mother who is 90 years-old, had brokerage accounts with Raymond James Financial, Inc. Their financial advisor recommended that they invest in risky oil and gas, Canadian Royalty Trust stocks, also known as Canroys. These stocks were risky and not be suitable for the conservative, retired investor which caused them serious losses. The Canroys that were recommended were Pengrowth, Penn West and Enerplus.
Your stockbroker or financial advisor may have misrepresented the risks involved with these Canroys, or recommended these risky investments to someone who may have not been suitable due to their conservative portfolio.
Soreide Law Group has represented clients nationwide. If you or a family member have experienced a loss through the over-concentration of 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, or visit www.securitieslawyer.com.
Soreide Law Group is investigating potential investor claims involving Cove Capital 1031 Delaware Statutory Trust (DST) investments and whether brokers improperly recommended these specific tax-deferred real estate offerings. Cove Capital 1031 DSTs are structured investments that allow investors to reinvest proceeds from the sale of real estate into fractional interests in institutional-grade properties while deferring […]
Investors might have sustained losses due to securities broker Marc Charles Koch [CRD: 4978078, New York, New York], given the publicly available information found on Financial Industry Regulatory Authority (FINRA) BrokerCheck. Koch worked for Morgan Stanley from March 30, 2023, to the present, First Republic Investment Management Inc. from November 7, 2022, to April 25, […]
Investors potentially incurred losses because of securities broker Stephen Charles Newell Hlibok (also known as Stephen Hlibok and Steve Hlibok) [CRD: 1728900, Columbia, Maryland], according to disclosures on Financial Industry Regulatory Authority (FINRA) BrokerCheck. Hlibok worked for Merrill Lynch Pierce Fenner Smith Incorporated from September 25, 1987, to the present as a broker, and from […]
Phone:
Fax: 1-954-760-6553
Email: info@securitieslawyer.com