Texas Investor Sues Edward Jones For Up to $500K Over Master Limited Partnership Investment Loss
Our Seasoned Houston Oil and Gas MLP Attorneys Are Representing This Claimant
A Corpus Christi, Tx retiree is seeking up to $500K damages over losses she suffered in a Master Limited Partnership (MLP) that was allegedly unsuitably recommended to her by an Edward Jones broker.
The claimant, who is an older widow, is suing the broker-dealer in FINRA arbitration. Shepherd Smith Edwards and Kantas (investorlawyers.com) is representing this investor.
This senior entrusted her retirement savings to Edward Jones. Unfortunately, instead of receiving prudent investment advice by this broker-dealer and its registered representative, they recommended that she invest in an MLP involving oil and gas ventures.
By their very nature, MLPs are unsuitable for someone like her, who made it clear that she did not want to take on any undue risk.
Yet, for years, this Texas investor was constantly reassured that all was well with the investment. She was also told that everything would be taken care of as requested and that the MLP investment was a safe bet.
The truth is that MLPs are opaque and high-risk. Not only that, but entirely too much of the claimant’s assets were concentrated in this particular investment.
In her FINRA lawsuit, this retiree is claiming unsuitability, overconcentration, misrepresentations and omissions, breach of fiduciary duties, negligence, gross negligence, and more.
What Are MLPs?
Master Limited Partnerships are mainly concentrated in oil, gas, coal, and other natural resource-related endeavors. For more than 30 years. Our trusted Oil and Gas attorneys have been representing US investors against broker-dealers that unsuitably sold them these risky investments.
Oil and gas MLPs tend to invest in pipelines, refining, exploration, and processing. They can experience extreme fluctuations as oil and gas prices change. For example, Oil and Gas Master Limited Partnerships saw a serious decline in value leading up to the COVID-19 pandemic.
MLPs are known for being able to grow distributions at a fast pace during the first few years so as to generate positive analyst research reports. Unfortunately, even as these distributions and positive reports raise stock prices, long-term yields can be speculative.
Oil and gas investments should not be recommended to inexperienced or conservative retail investors and retirees.
How Can Our Houston Oil and Gas MLP Attorneys Help?
With over 100 years of collective experience in securities law and the securities industry, our Oil and Gas MLP Attorneys know how to pursue damages on behalf of investors who should never have been sold these too risky investments.
We also represent oil and gas investors who were the victims of poor portfolio management, concentration, and more.
More than 90% of our clients have secured full or partial financial recovery with our help. When you work with us, know that you will receive personalized attention and quality securities representation.
We have represented investors in more than 1000 matters in arbitration, mediation, cogitations, and litigations to collectively recoup many millions of dollars for thousands of them.
Call our Houston Oil and Gas MLP Attorneys (800) 259-0910 today or fill out this contact form.