Did Your Broker Recommend Ferrellgas Partners, L.P. (NYSE: FGP)?

Soreide Law Group has been contacted by investors who purchased the following stock through their stock brokers/financial advisors at Securities America Inc or other brokerages: 
Ferrellgas Partners, L.P. (NYSE: FGP)
Ferrellgas Partners, L.P. (FGP), through its operating partnership, and subsidiaries, serves propane customers in all 50 states, the District of Columbia, and Puerto Rico, and provides midstream services to major energy companies in the United States. Ferrellgas has corporate operations in the Kansas City suburbs of Liberty, Missouri and Overland Park, Kansas.

According to Bloomberg, Securities America Inc. operates as an independent securities broker/dealer. This company offers services in the areas of mutual funds, stocks, bonds, annuities, bank deposit sweep programs, managed accounts, direct participation programs, real estate investment trusts, certificates of deposit, options, unit investment trusts, and more. It also provides advisory business, retirement income distribution, practice management solutions and technology services. The company was founded in 1984 and is based in La Vista, Nebraska. Securities America, Inc. operates as a subsidiary of Securities America Financial Corporation.
The oil industry is full of economic ups and downs. In 2015, the industry was in a downturn, and the price of crude oil had dropped significantly. Earnings were down for companies that had made high profits for many years. Many oil executives believe it will be years before oil returns to $100 per barrel. In the meantime, investors who were encouraged by their financial advisors or brokers to place large concentrations of their retirement savings into these high risk oil and gas stocks have suffered devastating losses.  Oil historically drops nearly every ten years and this type of investment is clearly not suitable for seniors or conservative investors in large concentrations.
Soreide Law Group has been contacted by investors who have lost significant amounts of their portfolios by following the recommendations of their financial advisors and purchasing large concentrations of Ferrellgas Partners, L.P. (NYSE: FGP) from Securities America Inc. and other firms, suffering devastating financial losses.  Soreide Law Group has represented many clients in oil and gas losses. Contact Soreide Law Group and speak to an experienced securities lawyer regarding the possible recovery of your investment losses through a FINRA arbitration at:  888-760-6552.
Soreide Law Group represents clients nationwide before FINRA.  We operate on a contingency fee basis—no fee to you if no recovery.  Let our years of experience work for you.