Soreide Law Group is currently investigating potential claims made by investors who have contacted us alleging that WILLIAM COLIN SEIBERT, currently a broker and investment advisor with RAYMOND JAMES & ASSOCIATES, INC. in Louisiana, allegedly recommended they purchase large concentrations of the high-risk oil and gas stocks, Linn Energy and Memorial Production Partners LP (MEMP).
Memorial Production Partners LP engaged in the acquisition, exploitation, development, and production of oil and natural gas properties. Its projects were located in South Texas, East Texas/Louisiana, Rockies, California, and Permian. The company was founded in April 2011 and is headquartered in Houston, TX. The company went bankrupt in 2017 and emerged from Chapter 11 bankruptcy with a new name. The former Memorial Production Partners is now Amplify Energy Corp. (AMPY).
Linn Energy abandoned the name and divided into multiple businesses, after filing for bankruptcy in 2016 with approximately $8.3 billion in debt, one of the biggest bankruptcy of the oil bust. Initially, Linn expanded fast, grew rapidly and took on an amount of debt that proved far too much to survive a prolonged downturn.
According to FINRA’s BrokerCheck, available to the public on FINRA’s website, WILLIAM COLIN SEIBERT, has been registered in the securities industry for 24 years. Seibert has three Disclosures on his CRD report with FINRA. All three of these Disclosures are Customer Disputes.
WILLIAM COLIN SEIBERT has been listed as both a broker and/or a financial advisor with six firms. He is currently registered with the following firms since 2/13/2013:
RAYMOND JAMES & ASSOCIATES, INC.
7731 PARK AVENUE
HOUMA, LA 70364 and
RAYMOND JAMES & ASSOCIATES, INC.
445 NORTH BLVD., #500 SUITE 500
BATON ROUGE, LA 70802
If you’ve experienced financial losses due to the alleged recommendations to purchase an over-concentration of high-risk oil and gas stocks, by broker/financial advisor, WILLIAM COLIN SEIBERT currently with RAYMOND JAMES & ASSOCIATES, INC. of Houma and Baton Rouge, Louisiana, contact Soreide Law Group and speak to an experienced securities lawyer at no cost regarding the possible recovery of your investment losses through a FIRNA arbitration at: 888-760-6552.
Soreide Law Group works on a contingency fee basis and represents clients nationwide before FINRA.
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