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Articles Tagged with Martin Waldman

Our attorneys continue to see claims against Raymond James for unsuitable recommendations of oil and gas investments, including but not limited to Linn Energy, LinnCo, and Memorial Production Partners.

Raymond James & Associates (CRD# 705) was an underwriter and book-running manager of numerous oil and gas investments when the price of oil was booming.  A list of companies Raymond James served as underwriter and/or market maker includes but is not limited to Linn Energy, LinnCo, Breitburn Energy, Memorial Production Partners, and Martin Midstream Partners.

Linn Energy and its related, publicly-traded entity LinnCo, both of which recently emerged from bankruptcy as private companies, were particularly touted by Raymond James, and our attorneys continue to see customers who were invested heavily in Linn Energy and LinnCo.

A FINRA arbitration panel ordered Raymond James Financial Services, Inc. (CRD# 6694), Inc. to pay back its customer for investments losses in Linn Energy LLC in March 2017.

The claimant in the FINRA arbitration alleged the investment in Linn Energy was unsuitable and, among other claims, Raymond James failed to supervise its broker, John S. MacGowan (CRD# 315901).

MacGowan is based out of Raymond James’ New York, New York branch and has been employed by Raymond James since 1999.

Our lawyers are investigating Boca Raton, Florida-based Raymond James & Associates, Inc. (CRD# 705) senior vice president Martin L. Waldman (CRD# 4566228), also known as “Skip,” for unsuitable recommendations in oil and gas securities.

Waldman has been in the industry for 13 years and has 6 disclosures on his FINRA BrokerCheck report.  He currently has a FINRA arbitration pending that alleges unauthorized trading and damages in the amount $121,000.

Our lawyers have filed claims against Raymond James for oil and gas losses for investors who have collectively lost thousands of dollars investing in risky, unsuitable oil and gas securities.  In those instances, the investor lost much of the initial investment after a Raymond James broker unsuitably recommended and overconcentrated the investor’s funds in the oil, gas, and energy sector.

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