Did you purchase Memorial Production Partners through a Broker Like Raymond James?

According to the streetinsider.com Raymond James downgraded Memorial Production Partners (symbol: “MEMP”) from Market Perform to Underperform when the stock had already fallen to $1.59.

Memorial Production Partners traded as high as $21 in late 2014. Many brokers at Raymond James and other firms recommended MEMP to their elderly clients in large concentrations who were looking for a stable income producing investment to supplement their retirement income. Soreide Law Group has filed a claim on behalf of such a retiree who held MEMP at Raymond James and who was not advised to sell any MEMP shares at any level until the stock traded as low as 13 cents.

If your Raymond James broker failed to diversify your retirement funds and concentrated a large portion into Memorial Production Partners you may be able to recover some or all of your investment losses. Soreide Law Group is a securities arbitration law firm that handles cases nationwide through the Financial Industry Regulatory Authority in all 50 states. Soreide Law handles these cases on a contingency fee so there is no fee unless we are successful recovering your MEMP losses or other stock losses. Call 1-888-760-6552 for a free consultation with an attorney today.