Tag Archives: avoid financial exploitation of elderly

Breitburn Energy Losses? You May be Able to Recover Damages.

May 2018

Breitburn Energy Partners LP, an oil and gas master limited partnership was trading over $20 a share back in 2014 and then fell to pennies and filed for bankruptcy in 2016.

In April 2018, the company emerged from bankruptcy operating as Maverick Natural Resources.

If your broker recommended Breitburn Energy Partners to you before mid 2015 , then you have likely suffered significant losses.

Damages may be recoverable through FINRA arbitration if there were misrepresentations made to you or if the investment  was unsuitable, given your age, degree of financial sophistication and risk tolerance.

Call for a no charge consultation to discuss your potential claim with an experienced securities attorney.

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.

Rex Securities Law

TollFree: 877-224-3199

Florida-561 391 1900 

Texas-512-329-2870

How to Recover Losses on Future Income Payments, LLC-(FIP)

May 2018

Investors in Future Income Payments LLC (FIP) may be able to recover damages from the broker and/or brokerage firm who made the investment recommendation.

While FIP tout’s itself as “the industry leader and an innovator in buying and selling secondary market pension cash flows….’  numerous officials from various states allege that FIP is actually issuing loans disguised as sales agreements.

Securities regulators in a number of states (including California, Colorado, Indiana, Iowa, New York, North Carolina, Massachusetts, Pennsylvania and Washington) have issued cease and desist orders curtailing FIP’s practices in those states. Investigations and actions are pending in another 15 states.

If you have questions about an investment you made in Future Income Payments LLC, call for a no charge consultation with an experienced securities attorney.

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

Resident of The Woodlands Pleads Guilty to Wire Fraud

May 2018-Plano, Texas

According to a news release from the U.S. Attorney’s Office for the Eastern District of Texas, Arlando Jacobs, 52, of The Woodlands, TX, pleaded guilty to conspiracy to commit wire fraud and faces up to 30 years in federal prison.

Court pleadings allege that from October 2011-April 2017, Jacobs and others conspired to submit fraudulent mortgage lien documents to title companies ad financial institutions to receive funds they were not entitled to.

A co-defendant, Clarence Roland, is scheduled for trial in 9/2018.

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, at no cost to you.

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

Glenn Lattz-Gradient Securities Broker-Discloses Pending Customer Suits-Lady Lake, FL

May 2018-Lady Lake, FL

The FINRA records of  Glenn Patrick Lattz ,   a  stockbroker who is employed by  Gradient Securities disclose 2 prior regulatory events, 2 pending customer disputes, 3 prior customer disputes and a termination from employment.

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 2015 the Florida Department of Financial Services placed Mr. Lattz on one year probation and assessed a fine of $3,500 to resolve allegations that Mr. Lattz made misrepresentations on an annuity application, misrepresented the terms and conditions of an annuity, and advertised an agency location that was not licensed or registered with the Department. Case #169403-15-AG.

In pending FINRA arbitration 18-01227, a customer of Gradient Securities alleges that from 12/2017-2/2018  Mr. Lattz liquidated the customer’s annuities subjecting them to penalties and losses. Damages of $150,000 are sought.

In a state court case 14-CA-9767, pending in Hillsborough County, FL, a customer of Mr. Lattz former employer, Legacy Financial Services, alleges elder abuse, negligence, misappropriation of funds and other claims in connection with the purchase of an insurance policy. Damages of $240,000 are being sought in that matter.

Glenn Lattz has been employed by Gradient Securities since 12/2009.

If you have losses in an account  handled by Glenn Lattz, contact us for a no charge consultation to learn how you may be able to recover damages.

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, at no cost to you.

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

Sonya Camarco-Former LPL Financial Broker-Charged With Securities Fraud/Theft-Colorado Springs, CO

May 2018-Colorado Springs, CO

The FINRA records of  Sonya D. Camarco ,   a   former LPL FInancial broker was recently permanently barred from the securities industry by FINRA for failing to respond to a FINRA Notice of Suspension.

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.

Camarco has been charged with 25 counts of securities fraud and theft in a criminal proceeding pending in Douglas County, Colorado. According to the regulator statement on her FINRA disclosure report she withdrew funds from client accounts at LPL Financial  using third party check requests that were payable to C Investments and mailed to a post office box in Parker, Colorado. The checks were retrieved by Camarco who used the funds for her personal benefit.

There are several currently pending customer arbitrations on behalf of Carmarco’s victims.

Sonya Camarco was employed by LPL Financial from 2/2004 until 8/2017 when the theft was discovered and she was discharged.

If you have losses in an account  handled by Sonya Camarco, contact us for a no charge consultation to learn how you can recover damages.

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, at no cost to you.

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