Tag Archives: recover master limited partnership loss

RBC Capital Ordered to Pay $723K For Sale of MLPs to Senior Citizen-Tampa, FL

November 2017-Tampa, FL

A FINRA arbitration panel comprised by an all public panel of three arbitrators, ordered RBC Capital Markets and broker Bruce Cameron of Norwell, Massachusetts,  to pay a former client, an elderly lady, $723,000 for losses suffered in an over concentration of oil and gas master limited partnerships (MLPs), which included:

  • Breitburn Energy Partners
  • Enable Midstream Partners
  • Enterprise Products
  • Ferrellgas Partners
  • Gramercy Property Trust, 
  • JP Energy Energy Partners
  • Mid Con Energy Partners
  • Southcross Energy Partners
  • Summit Midstream Partners
  • Tallgrass Energy Partners
  • CrossAmerica Partners
  • Enlink Midstream Partners

The panel found RBC and Cameron liable on the claims of negligence, negligent supervision and breach of fiduciary duty. FINRA Case #17-0305, Nourie, et al v RBC Capital Markets

The Financial Industry Regulatory Authority (FINRA) is the agency that licenses and regulates stockbrokers and brokerage firms. When a customer seeks to recover damages for losses incurred in a stock brokerage account, cases are typically filed as arbitrations with FINRA dispute resolution. Arbitration is generally must quicker and more efficient than court litigation. Cases are often resolved in 12 months or so.

Brokers have a duty to make suitable recommendations to customers, taking into account their age, health, net worth and risk tolerance.

If you have losses in your account that you believe are the result of the negligence or improper advice of a broker, call to learn about how you may be able to recover damages through FINRA arbitration.

The Law Office of Robert H. Rex, P.C.  , with offices in Boca Raton, FL,  and  Austin, TX,   provides representation to  investors  nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers and broker dealers. If you have questions about how your account has been handled, call to speak with an experienced securities attorney.

Most cases handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.

Nationwide Representation

TollFree: 877-224-3199

Florida-561 391 1900 

Texas-512-329-2870

Charles J. Ehnot-L. M. Kohn Broker- Discloses 30 Customer Disputes-Dunmore, PA

UPDATED JUNE 2017- Dunmore, PA

The FINRA records of Charles J. Ehnot , a stock broker employed by L.M. Kohn & Company, disclose  30 prior customer disputes that have been settled. See this for details. 

The Financial Industry Regulatory Authority (FINRA) is the agency that licenses and regulates stockbrokers and brokerage firms. FINRA requires brokers and brokerage firms to report customer complaints and disputes as well as regulatory sanctions. In addition brokers are required to disclose certain financial matters such as personal bankruptcies, judgments and liens.

In April 2017, a client of L.M. Kohn alleged that Ehnot did not have authority to execute a trade involving a real estate security. That case was settled for $20,000.

In FINRA Case 15-1261, which was resolved recently, a customer  of L. M. Kohn alleged damages of $160,000 for losses incurred on master limited partnerships in the oil industry. That case was settled for $49,750.

Ehnot has been employed by L.M. Kohn since 1/2012. Prior to that he was employed by Midsouth Capital.

If you have losses in an account handled by Charles J. Ehnot, you may be able to collect damages from his former employer.

Rex Securities Law , with offices in Boca Raton, FL,  and  Austin, TX,   provides representation to  investors  nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers and broker dealers. If you have questions about how your account has been handled, call to speak with an experienced securities attorney.

Most cases handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.

Nationwide Representation

Rex Securities Law

TollFree: 877-224-3199

Florida-561 391 1900 

Texas-512-329-2870

How to Recover Losses on Oil & Gas MLPs (Master Limited Partnerships)

February 11, 2016

If you have significant losses on energy sector Master Limited Partnerships (MLPs) you may be able to recover damages if the broker improperly recommended the investment to you based on the fact that the MLP was a safe alternative to traditional fixed income investments. You may also have a claim if the broker over concentrated your account in MLPs or if you were sold the MLP based upon tax advantages that you did not need or could not use.

Many of these investments have tracked the historic decline in oil price suffering declines of over 50% in 2015.  Some of the worst performing MLPs in 2015 include:

  • Breitburn Energy Partners
  • Cone Midstream Partners
  • Energy Transfer Partners
  • Enterprise Products Partners
  • Goldman Sachs MLP Energy Infrastructure
  • Highland Energy MLP Fund
  • Linn Energy LLC
  • Mainstay Cushing MLP Premier
  • Plains All American Pipeline, L.P.
  • Salient MLP & Energy Infrastructure II
  • Tortoise MLP and Pipeline

Rex Securities Law , with offices in Boca Raton, FL,  and  Austin, TX,   provides representation to  investors  nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers and broker dealers. If you have questions about how your account has been handled, call to speak with an experienced securities attorney.

Most cases handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.

Nationwide Representation

Rex Securities Law

TollFree: 877-224-3199

Florida-561 391 1900