Raymond James ordered to pay back Linn Energy investor

FT. LAUDERDALE, Fla., March 13, 2017 /PRNewswire/ -- The Securities Law Firm of Attorney Mark A. Tepper announced today that a FINRA Arbitrator has awarded compensatory damages, interest, and filing fee reimbursement,  to an army veteran in a claim against Raymond James (NYSE: RJF), following investment losses in Linn Energy LLC (OTC: LINEQ).

Attorney Mark A. Tepper had filed the claim against Raymond James, alleging the brokerage firm put his client "in harm's way" by converting the veteran's bank CD into a heavily margined, high risk account, over concentrated in Linn Energy. The claim alleged that a Raymond James broker, "kept pushing Linn as the right alternative to a CD."

"Respondent also breached its duty to supervise its broker's activities in [the veteran's] Account by failing to detect and prevent the unsuitable recommendations despite indications of wrongdoing," the claim alleged.

"We're very pleased with the finding by FINRA's arbitrator in favor of our client. Investors who believe they've been defrauded should always investigate their legal rights to determine the merits of potential claims," Attorney Mark Tepper, the former Chief Trial Counsel at the New York Attorney General's Bureau of Investor Protection and Securities, said.

Last year, in addition to filing bankruptcy, LINN Energy, LLC (formerlyNASDAQ: LINE) ("LINN") and LinnCo, LLC (formerlyNASDAQ: LNCO) were delisted from The NASDAQ Stock Market. 

In a company press release on February 28, Linn Energy Inc. announced that it has emerged from Chapter 11 bankruptcy as the reorganized successor to Linn Energy LLC.

For a free case evaluation from the Mark A. Tepper law firm, email attorney Mark Tepper at [email protected]  or telephone 954-961-0096.

About Mark A. Tepper, P.A. (www.MarkTepper.com)            
Attorney Mark A. Tepper is the former Chief Trial Counsel at the New York Attorney General's Bureau of Investor Protection and Securities. He has earned the reputation of "Investor Advocate" while practicing law for over 35 years representing individual investors. FINRA arbitrators have upheld stockbroker fraud claims filed by Mr. Tepper against many brokerage firms. A member of the Florida, New York and California Bars, Mr. Tepper is peer-reviewed for 17 consecutive years, AV PREEMINENT® for ethical standards and legal ability, the highest rating of lawyers in the Martindale-Hubbell Law Directory.

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SOURCE Mark A. Tepper, P.A.

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