DKR is investigating FINRA arbitration claims against Morgan Stanley to recover oil and gas investment losses for customers of broker Harvey Siegel. Based on our investigation and review of documents we believe that at least some of Harvey Siegel’s customers may have suffered investment losses due to over-concentrations in oil, gas, and energy investments, including master limited partnerships (MLP).
Over the past several years, many oil and gas companies took on massive debt loads to fund expansion. A February report by one global accounting firm estimates that one-third of publicly traded oil companies could file for bankruptcy this year as plummeting oil prices have made it difficult for those companies to service their debt. Another report states that since early 2015 more than fifty companies in the oil and gas sector have filed for bankruptcy in the United States and Canada. If Harvey Siegel unsuitably concentrated your account in oil and gas securities, you have may have a valid FINRA arbitration claim to recover your investment losses.
Harvey Siegel works from Morgan Stanley’s Palm Beach Gardens, Florida office.
Did you invest money with Morgan Stanley broker Harvey Siegel?
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.
If you lost money in your Morgan Stanley account with Harvey Siegel, Contact a DKR investment fraud lawyer today for a free case evaluation.