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Robert Rex
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This blog is written by Robert H. Rex, Esq. who is a securities attorney and a passionate advocate for investors rights. With over 30 years of legal experience, 25 of which have dealt almost exclusively with the recovery of stockmarket and investment losses for mostly elderly clients, he and his... More
My company:
Rex Securities Law
My blog:
Rex Investment Loss Recovery Blog
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  • Black Diamond Energy Partnership Losses May Be Recoverable

    Black Diamond Energy was once one of the fastest growing private companies in the Pittsburgh region operating natural gas wells, primarily in Wyoming. While natural gas prices were over $10 /MCF a few years ago, coal bed methane extraction was a financially viable business model.

    The drop in the price of the commodity to the $4 range made the process uneconomical and resulted in pressure from lenders, the shutting in of hundreds of wells and cessation of distributions.

    Investors who lost money on the Black Diamond Energypartnerships may be able to recover losses through FINRA arbitration. If you would like to learn your legal options for losses on oil and gas investments including the following, please contact us:

     

    • Black Diamond Energy 2005-A
    • Black Diamond Energy 2005-B
    • Black Diamond Energy 2006-A
    • Black Diamond Energy 2006-B
    • Black Diamond Energy 2007-A
    • Black Diamond Energy 2007-B
    • Black Diamond Energy 2008-A
    • Black Diamond Energy 2008-B


    Nationwide Representation

    Rex Securities Law

    561 391 1900

    Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

    Jun 06 5:35 PM | Link | Comment!
  • Former Vero Beach, FL, Broker Arhonda Guinn Investigated By Rex Securities Law

    Rex Securities Law is investigating Arhonda Guinn of Vero Beach, FL, on behalf of one of her former clients.

    According to FINRA (Financial Industry Regulatory Authority) records Guinn was discharged by Stifel, Nicolaus & Company on May 5, 2014 for transferring money without authorization from a client to a third party for her own benefit.

    Guinn was also known by the following names:

     

    • Arhonda T'Lene Ward
    • Arhonda T. Guinn


    FINRA records report the following registration history:

     

    • March 2009-May 2014Stifel Nicolaus
    • Jan. 2009-March 2009Stanford Group
    • Jan 2008-Jan 2009Wachovia Securities


    If you have information related to this investigation, we would appreciate hearing from you. If you have suffered losses in an account handled by Arhonda Guinn, call to discuss with an experienced securities attorney how you can pursue recovery of losses through FINRA arbitration.

    Nationwide representation.

    Rex Securities Law

    561 391 1900

    Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

    Jun 05 11:33 AM | Link | Comment!
  • RSL Files Another FINRA Arbitration Vs. Plano Texas Office Of VSR Financial Services

    Rex Securities Law has been investigating VSR Financial Services broker Dennis Van Patter and on April 22, 2014, filed a FINRA arbitration against VSR Financial on behalf of one of Van Patter's former clients. See this for details on that matter.

    On May 9th, Rex Securities Law filed a second FINRA arbitration againstVSR Financial on behalf of another one of Van Patter's former clients from Richmond, Texas. That arbitration is on behalf of a retired couple in their mid-70's who allege that they were misled as to the nature of the investments they were sold and that the investments are unsuitable. Damages in excess of $400,000 are being sought on claims that VSR Financial was negligent in its supervision of Van Patter.

    The unsuitable investments including the following alternative investments:

     

    • Allianz Master Dex 10 Annuity
    • Bradford Drilling XVIII
    • Black Diamond Diamond Energy
    • Boston Capital Series 30
    • Cole Credit Property Trust II
    • Franklin Founding Funds
    • Franklin Income Funds
    • Global Macro Trust
    • Inland American REIT
    • KBS REIT
    • MPF Income Fund 22
    • Retail Property of America (Inland Western REIT)
    • United Development Funding


    The arbitration alleges that the investment strategy was unsuitable given the age, health and lack of financial sophistication of the retired couple and that VSR was negligent in the supervision of their registered representative Dennis Van Patter and breached their fiduciary duty to their customer. Van Patter operates a company called First Financial Services Group in Plano, TX.

    VSR Financial was fined $550,000 in 2013 by FINRA in connection with the sale of private placements and alternative investments. See this for more information.

    If you believe you were sold unsuitable investments by your broker, call to discuss your legal rights with an experienced securities attorney.

    Nationwide representation.

    Rex Securities Law

    561 391 1900

    Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

    May 09 2:08 PM | Link | Comment!
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