While brokerage firms prevail in most of their promissory note and forgivable loan cases, there are exceptions to the rule when a financial advisor can claim a “win”. Typically, however, the “win” involves the arbitration panel awarding the advisor a “shave” or reduction, sometimes substantial, on the note balance. But, still, even in those “wins”,...Read More

As most individual investors now understand, oil and gas securities, including common stock, bonds and master limited partnerships (MLPs), can be extremely volatile, high-risk and lead to substantial losses. Over the last few years, certain financial advisors and stockbrokers, and the financial institutions for whom they worked, fell in love with oil and gas securities,...Read More