Category Archives: Oil & Gas Master Limited Partnership (MLP)

Thomas Brolle Investigation-Former Morgan Stanley Broker-Allentown, PA

April 2018-Allentown, PA

We are investigating former Morgan Stanley broker Thomas Brolle  on behalf of a retired couple who allege that they have suffered losses as a result of  unsuitable investments in energy, biotech and precious metals, including but not limited to:

  • Breitburn Energy Partners, L.P.
  • Seadrill, Ltd.
  • NRG Yield
  • Vanguard Natural Resources
  • Goldman Sachs MLP Energy Terraform Global
  • Crescent Point Energy
  • Celldex Therapeutics 
  • First Trust Precious Metals unit investment trusts

According to FINRA records, Thomas Brolle is not currently  registered with any broker dealers. He was employed by Morgan Stanley from 6/2009-11/2016. From 11/2016-12/2017 he was employed by Purshe Kaplan Sterling Investments.

We are interested in hearing from anyone having information helpful to our investigation.

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

Losses on EV Energy Partners ? You May be Entitled to Damages.

April 2, 2018

Houston based EV Energy Partners, L P (EVEP) , an oil and gas master limited partnership (MLP) has filed for Chapter 11 bankruptcy protection.

According to a press release EVEP listed between $50-$100 million in assets and liabilities between $500 million and $1 billion. EVEP has oil & gas properties in the Barnett Shale, San Juan Basin, Appalachian Basin, Permian Basin and Karnes County, Texas.

If the broker who recommended an investment in  EV Energy Partners misrepresented the risks associated with the investment  or if the broker did not have reasonable basis to make such a recommendation, losses may be recoverable from the firm employing the broker. Call for a no charge consultation to discuss your options.

Chart of EV Energy Partners

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

Aaron Brodt-Former Accelerated Capital Group Broker-Subject of Customer Suits Alleging Unsuitable Investments-Scottsdale, AZ

March 2018-Scottsdale, AZ

The FINRA records of Aaron Paul Brodt  , an advisor with Ashton Thomas Private Wealth who is currently a registered stockbroker with  Peachcap (Peachtree Capital Corp.)  disclose a currently pending customer dispute and 3 prior final customer disputes.

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 FINRA case #16-2532,  a client alleged damages of $100,000 for recommending a debt-asset backed investment purchased in May 2015. The customer alleged the recommendation was unsuitable. That case settled for $58,333.

In a second similar case in 2016 , a customer alleged that  Brodt recommended a debt-asset backed investment  in May and October of 2015 that was also unsuitable. That case was settled for $116,667.

In the currently pending matter, FINRA Case 17-1178, a customer of Brodt’s prior employer, Accelerated Capital Group alleges negligence, over concentration, breach of fiduciary duty and failure to supervise in connection with the recommendation to purchase alternative investments. The customer seeks damages of $340,000.

Alternative investments include non publicly traded real estate investment trusts (REITS)  and limited partnerships (oil and gas and equipment leasing) . It may also include art, wine, antiques, coins or stamps. These investments tend to be complex, illiquid, non transparent, hard to value and expensive. Many of the alternative investments sold over recent years are not traded on any public market making them difficult to value and even more difficult to liquidate if cash is needed. They are generally not suitable for retirees who are seeking to protect from the loss of capital.

Brodt has been registered with Peachcap since 7/2016. Prior to that he was registered with Accelerated Capital Group 2/2012-5/2016.

If you have questions about an account handled by Aaron Brodt, call for a no charge consultation to discuss your options.

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

Steven H. Orr-H.Beck Stockbroker-Discloses Settlement of Customer Suits Involving Limited Partnerships-Victoria, TX

March 2018-Victoria, Texas

According to FINRA records, Steven H. Orr , currently a stockbroker employed by H. Beck, Inc.  doing business as Orr Financial Group discloses that he has 5 prior customer disputes.

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 FINRA Case 15-01527 , a customer of H. Beck alleged damages of between $1million and $5 million for unsuitable investments , including direct investments and limited partnership interests, that were sold between 1/2008-7/2015. That case was settled for $280,000.

In FINRA Case 13-2205, a customer of H. Beck alleged damages of $1,000,000 for the sale of direct participation programs and limited partnerships, between 2004-2012. That case was resolved for $900,000.

In FINRA Case 13-0120, a customer of H. Beck alleged damages of $252,000 for the sale of direct participation investments, including equipment leasing and real estate limited partnerships. That case was settled for $200,000.

Orr has been registered with H. Beck, Inc. since 4/2011.  From 4/2009-5/2011 he was registered with Dewaay Financial Network.  Steven Orr discloses business affiliations with Press On Publications, Financial Strategies Class and Diversify Sportfishing Inc.

If you have losses in an account handled by Steven H. Orr, you may be able to recover damages through FINRA arbitration. Call for a no charge consultation to discuss your options.

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

Walter M. Stucker-Former UBS Stockbroker-Subject of Customer Suit Over Oil & Gas Investments-Fort Worth, TX

March 2018- Fort Worth, Texas

The FINRA records of Walter M. Stucker , a stockbroker who until 5/2017 was  employed by UBS Financial Services , disclose  a currently pending customer dispute involving energy securities.

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 December 2017 a customer of Stucker’s prior employer, UBS Financial Services, brought a complaint alleging misrepresentation, suitability issues and over concentration in oil and gas limited partnerships. The customer seeks damages of $632,907.

Stucker was employed by UBS Financial Services  from 4/2008-5/2017. He has been employed by Wells Fargo Clearing Services since 5/2017.

If you have questions about an account handled by Walter M. Stucker contact us for a no charge consultation to learn how you may be able to recover damages through FINRA arbitration.

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

National Toll Free: 877-224-3199

Florida-561 391 1900 

Texas-512-329-2870