FT. LAUDERDALE, Fla., Feb. 27, 2017 /PRNewswire/ -- More
investors seeking recovery from substantial losses in LinnCo LLC have turned to the Mark A. Tepper law firm (www.marktepper.com), to file a claim for damages.
Wells Fargo Advisors is facing a claim for damages from a North Carolina retiree and his wife
for recommending the purchase of LinnCo,(OTC markets: LNCOQ).
The claim, filed with FINRA by the law firm of Mark A. Tepper, P.A., alleges that a Wells Fargo broker's high risk
recommendation of LinnCo far exceeded the couple's documented lower risk tolerances, exposing them to the high risk of
substantial losses.
The claim further alleges that the Wells Fargo broker told the retiree that LinnCo was a safe investment. "When LinnCo's price
dropped to $30 a unit, [Claimant] asked the broker about the safety of LinnCo. The broker responded
that LinnCo was still a good investment, that the broker was buying it for family members and that Wells Fargo recommends buying
more," the claim alleges.
"Significantly, the broker's representations were inconsistent with LinnCo's high risk warnings. In fact, LinnCo was a high
risk, leveraged, upstream oil and gas company. LinnCo was a toxic mix of vulnerability to volatile oil prices and high debt. The
broker's recommendation to buy LinnCo was speculative in nature making it unsuitable," the claim contends.
The Mark A. Tepper securities law firm recently announced that it is investigating alleged claims against brokerage firms for
recommending LINN Energy LLC, LinnCo LLC, and/or BreitBurn Energy Partners LP. For a free case evaluation from the Mark A. Tepper
law firm, email attorney Mark Tepper at askmark@marktepper.com or call 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 16 consecutive years, AV PREEMINENT® for ethical standards and legal ability,
the highest rating of lawyers in the Martindale-Hubbell Law Directory.
MEDIA CONTACT:
Mark Hopkinson, NewsMark Public Relations
561-852-5767 mhopkinson@newsmarkpr.com
http://www.newsmarkpr.com
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SOURCE Mark A. Tepper, P.A.