If You Were Sold MLPs by Your RBC Capital Markets Broker, You May Be Able To Recover Your Losses

This week, a Financial Industry Regulatory Authority (FINRA) arbitration panel comprised of three arbitrators, ordered RBC Capital Markets, and its broker, Bruce Cameron, to pay a former client $723,000 for losses sustained. The client was an elderly woman, and her portfolio suffered losses because of an overconcentration of oil and gas master limited partnerships (MLP)…

Investor Update: William Heiden and Unsuitable Oil and Gas Investment Claims

Stoltmann Law Offices continues to investigate William Heiden, a Wedbush Securities registered broker, who has been subject to nine customer complaints. Allegedly, Mr. Heiden, according to a claim filed in June 2017, breached his fiduciary duty, committed violation of industry rules, and financial elder abuse causing $855,299 in losses. The claim is currently pending. He…

Update For Investors: Jeffrey Dragon

According to an Order with the Financial Industry Regulatory Authority (FINRA), Jeffrey Dragon, while registered with Berthel, Fisher & Co., as a broker, allegedly violated securities laws. Mr. Dragon was accused of recommending and engaging in short-term unit investment trust (UIT) trading in 19 accounts belonging to 12 of his customers. This occurred over a…