Articles Tagged with Memorial Production Partners

Our attorneys are investigating former Maryland-based RBC Capital Markets, LLC (CRD# 31194) broker John S. Simpson (CRD# 719367) after multiple complaints alleging securities violations concerning the energy, oil and gas sector were settled.

According to Simpson’s FINRA BrokerCheck report, FINRA barred Simpson in December 2016 after he failed to respond to a FINRA inquiry.  The inquiry and bar follow a string of settlements and a discharge from RBC Capital Markets.

RBC Capital Markets discharged Simpson in January 2016 after Simpson allegedly made discretionary transactions in client accounts.  Following RBC Capital Markets’ discharge, five (5) FINRA arbitration complaints were settled against Simpson.  Most of the settlements alleged unauthorized trading.

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.

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