DKR is investigating claims to recover oil and gas investment losses suffered in brokerage accounts held with Wells Fargo broker Charles B. Lynch, Jr. Lynch worked out of an Irvine, California Wells Fargo office from October 2012 through April 2016.
Wells Fargo reportedly fired Lynch in April 2016 for “loss of management confidence.” Lynch has been the subject of no fewer than 27 customer disputes, the overwhelming majority of which involve complaints of over-concentration in energy stocks and oil and gas investments. Some of the disputes involve investment losses in Magnum Hunter Resources and Halcon Resources, whose share prices recently cratered to pennies on the dollar.
Wells Fargo already has paid nearly $2 million to settle FINRA arbitration claims filed by Lynch’s Wells Fargo customers involving oil and gas investment losses.
If Charles Lynch, Jr. was your Wells Fargo broker, your accounts may have been over-concentrated in energy stocks and oil and gas investments. If you lost money in oil and gas investments with Charles Lynch, Jr., you may have a valid FINRA arbitration claim against Wells Fargo to recover those oil and gas investment losses.
Did you loose money with Wells Fargo broker Charles Lynch, Jr.?
Contact our law firm to discuss your California stockbroker negligence case with one of our lawyers. We maintain a Los Angeles office to help us serve our Orange County stockbroker negligence clients and other California investment loss clients.