Texas Retiree with LINN and BreitBurn Losses sues First Kentucky Securities Corp.admin / 0 Comments /
Ft. Lauderdale, Fl. – The law firm of Securities Fraud Attorney Mark A. Tepper has filed claim against First Kentucky Securities Corp., on behalf of a retired flight attendant. The claim seeks recovery of losses suffered by the retiree and her late mother who passed away last year at the age of 96 years old.
The Claim alleges that a First Kentucky Securities Corporation stockbroker recommended both an unsuitable asset allocation and unsuitable securities that carried a high risk of substantial loss; – LINN Energy, LLC (OTCMKTS: LNGG), BreitBurn Energy Partners, LLC (OTCMKTS: BBEPQ), and Vanguard Natural Resources, LLC (NASDAQ: VNR). The broker also recommended a short-term transaction in a high risk mutual fund – Eventide Gilead (“Gilead Fund”), the Claim further alleges.
The Claim contends that these securities were a toxic mix of oil price risk and the risk of high debt which far exceeded the risk tolerance of [the former flight attendant], who was retired with a modest pension, and her 96-year-old mother.
The Mark A. Tepper law firm is continuing its investigation into alleged claims against brokerage firms for recommending companies engaged in similar activities. The firm recently announced FINRA Arbitration Awards in separate claims for damages. Each of the claims was upheld by a FINRA arbitrator in favor of clients who had Linn Energy or Breitburn investments. “Investors who believe they’ve been defrauded should always investigate their legal rights to determine the merits of potential claims,” Mr. Tepper said.
For a free case evaluation from the Mark A. Tepper law firm, email attorney Mark Tepper at firstname.lastname@example.org or call 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 17 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