In June 2024, a customer claim naming Amir Navab (CRD 2437020) settled at Great Gable Wealth Management for $180,000. His BrokerCheck report also shows settled disputes at UBS Financial Services, starting in 2004.
The September 23, 2016 form 8937 filing (Report of Organizational Actions Affecting Basis of Securities) states in part 2 that “By order of the bankruptcy court, the common stock held by the Sabine shareholders were cancelled for no consideration.” The company itself has filed bankruptcy to limit liability. Soreide Law Group is investigating stock brokers who sold this investment and other risky investments. Any broker who held this stock for a client and watched it go to $0 with no downside protection or risk strategy may be liable for losses.
Sabine Oil and Gas was primarily located in Texas and North Louisiana. We have found that many local Texas stock brokers over concentrated their clients assets in risky oil and gas stocks like Sabine Oil & Gas Corp. to gamble with the client’s money hoping for upside and possibly receiving high commissions. Sabine’s restructuring only was aimed towards debt holders, not the equity holders. There is no hope for the stock to come back in price for the common stock holder. Light crude oil prices went from $105 in 2014 to the $40’s in 2016 when Sabine declared bankruptcy. If your stock broker did nothing to limit your losses in oil and gas investments during this time they may have liability for your losses.
If you or a loved one had a stock broker who recommended Sabine Oil and Gas Corp please call Soreide Law Group for a free consultation. Soreide Law Group will study your case for free and determine what the broker liability may be. Soreide Law Group files cases in all 50 states before FINRA. If Soreide Law Group takes your case they will advance all costs and only get paid if you make a monetary gain. https://www.securitieslawyer.com or call 1-888-760-6552
In June 2024, a customer claim naming Amir Navab (CRD 2437020) settled at Great Gable Wealth Management for $180,000. His BrokerCheck report also shows settled disputes at UBS Financial Services, starting in 2004.
Centaurus Financial appears as the firm on a pending customer arbitration against Brett Ewing (CRD 2904608). The customer filed it on September 14, 2026. According to BrokerCheck, the customer alleges that Ewing recommended unsuitable, illiquid investments from February 2016 through February 2019. Ewing denies the allegations, and no arbitrator has ruled.
FINRA found that Eric Kleiner (CRD 4135180) refused to provide documents and information it requested during an investigation. Without admitting or denying the findings, Kleiner consented to the sanction and to the entry of findings.
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