Dimond Kaplan & Rothstein, P.A. is investigating FINRA arbitration claims relating to oil and gas investment losses suffered in Wells Fargo Advisors brokerage accounts with broker David Deacon aka Deke Deacon.
If David Deacon was your Wells Fargo broker, you may have suffered investment losses due to unsuitable oil, gas, and energy investments, including master limited partnerships (MLPs). Your account may have been unsuitably over-concentrated in the oil/gas and energy sectors.
A February report by a global accounting firm estimates that one-third of publicly traded oil companies could file for bankruptcy this year due to swelling debt loads and plummeting energy prices. Since early 2015, more than fifty oil and gas companies have filed for bankruptcy in the United States and Canada, according to another report. If David Deacon concentrated your account assets in oil and gas investments, your portfolio value may have dropped significantly and you may be able to pursue a FINRA arbitration claim.
David Deacon works out of Wells Fargo Advisors’ office in Boca Raton, Florida.
Did you invest money with Wells Fargo or Wells Fargo Broker David Deacon?
If you suffered investment losses in accounts handled by Wells Fargo Advisors or Wells Fargo broker David Deacon, or otherwise have incurred losses due to unsuitable exposure to oil, gas, and energy investments, call a DKR stockbroker negligence lawyer for a free consultation.
The attorneys at Dimond Kaplan & Rothstein, P.A. have recovered more than $100 million from banks and brokerage firms for investment fraud and stockbroker misconduct. Contact us to schedule an appointment or consultation today.