Broker’s strategy a toxic mix including LINN Energy – claim allegesadmin / 0 Comments /
Ft. Lauderdale, Fl. – Another investor seeking recovery from substantial losses in LinnCo LLC and other Wells Fargo Advisors broker recommendations, has turned to the Mark A. Tepper law firm (www.marktepper.com), to file a claim for damages.
Wells Fargo Advisors is facing a claim for damages from an Arizona retiree for recommending the purchase, on margin, of LinnCo,(OTC markets: LNCOQ) Kinder Morgan Inc., (NYSE: KMI) Williams Companies Inc. (NYSE: WMB) and Potash of Saskachewan, Corp. (NYSE: POT).
The claim, filed with FINRA by the law firm of Mark A. Tepper, P.A., alleges that the broker’s recommended strategy, was to purchase high risk and leveraged commodity based securities, on margin.
“This unsuitable strategy was a toxic mix of vulnerability to volatile commodity prices, margin, and high debt. Respondent’s recommended strategy was speculative in nature, exposing [the retiree] to substantial losses, establishing its unsuitability,” the claim alleges.
The Mark A. Tepper securities law firm recently announced that it is investigating alleged claims against brokerage firms for recommending LINN Energy LLC, LinnCo LLC, and/or BreitBurn Energy Partners LP.
For a free case evaluation from the Mark A. Tepper law firm, email attorney Mark Tepper at firstname.lastname@example.org or telephone 954-961-0096.
About Mark A. Tepper, P.A. (www.MarkTepper.com)
Attorney Mark A. Tepper is the former Chief Trial Counsel at the New York Attorney General’s Bureau of Investor Protection and Securities. He has earned the reputation of “Investor Advocate” while practicing law for over 35 years representing individual investors. FINRA arbitrators have upheld stockbroker fraud claims filed by Mr. Tepper against many brokerage firms. A member of the Florida, New York and California Bars, Mr. Tepper is peer-reviewed for 16 consecutive years, AV PREEMINENT® for ethical standards and legal ability, the highest rating of lawyers in the Martindale-Hubbell Law Directory.
Mark Hopkinson, NewsMark Public Relations