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Alabama Man Sentenced For Securities Fraud

Keith Michael Rogers of Huntsville, Alabama was sentenced by Madison County Circuit Court Judge Alison Austin to three years in prison for securities fraud. He received a ten year split sentence and will serve three years and has seven suspended. Judge Austin also ordered Rogers to pay $1.7 million in restitution. The sentencing follows Rogers' guilty plea in March in which he admitted to using his clients' investment money in a Ponzi scheme. The plea included one count of securities fraud. According to authorities, Rogers took more than $2.5 million from his investors and was using the money for his personal expenses and using funds from new clients to pay back earlier clients in classic Ponzi fashion. According to Madison County Assistant District Attorney Jay Town, Rogers' clients included former University of Alabama running back Kenneth Darby. According to FINRA's BrokerCheck, Rogers has been permanently barred from acting as a broker or otherwise associating with firms that sell securities to [...]

By |May 27th, 2016|Broker Check, FINRA, Fraud, Press Releases & News|
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Losses In Master Limited Partnerships

The Frankowski Firm, LLC is investigating brokers and their brokerage firms who have recommended and sold investors stock in a Master Limited Partnerships. If you have suffered losses in any of the folling or similar investments, you may have a legal claim to recover those losses: Breitburn Energy Partners (BBEP) Plains All American Pipeline (PAA) Warren Resources (WRES) American Midstream Partners (AMID) Magnum Hunter Resources (MHRCQ) Cushing MLO Total Return (SRV) Goldman Sachs MLP Energy Renaissance Fund (GER) Energy Transfer Patterns (ETP) Enbridge Energy Partners (EEP) Nustar Engery (NS) TC Pipelines (TCP) Oneok Partners (OKS) Enlink Midstream Partners (ENLK) Martin Midstream Partners (MMLP) Genesis Energy (GEL) Kinder Morgan (KMI) Linn Energy (LINE) Chesapeake Energy (CHK) Energy Transfer Equity (ETE) Williams Cos (WMB) Brokers often market Master Limited Partnerships as low risk, higher yield securities. However, Master Limited Partnerships have certain inherent risks that brokers often fail to disclose to investors: MLPs are extremely volatile. Most MLPs [...]

By |May 2nd, 2016|Uncategorized|
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Complaints Against Merrill Lynch Broker For Unsuitable Recommendations

According to FINRA's BrokerCheck, Merrill Lynch broker Heather Weber has been the subject of at least seven customer complaints. The complaints claim that Weber violated securities laws, including soliciting unsuitable investments and making misrepresentations of materials facts. In January 2016 a customer filed a complaint alleging $200,000 in damage stemming from unsuitable investment recommendations from 2012 through 2016.  The complaint is pending. In September 2015, another customer filed a complaint alleging unsuitable investments causing $475,000 in losses from investments made from 2012 through July 2014.  This claim is pending as well. In October 2014, a customer alleged that Weber recommended unsuitable investments and made misrepresentations and omissions of material facts from March 2006 to September 2014. The claimant requested $1,500,000 in damages, and the complaint is pending. In January 2014, a customer alleged that Weber recommended unsuitable investments and made misrepresentations and omissions of material facts. The claimant requested $500,000 in damages. The case was settled [...]

By |April 28th, 2016|Press Releases & News, Broker Check, FINRA|
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Frankowski Firm Investigating Former Broker Jerry McCutchen

The Frankowski Firm is investigating ex-broker Jerry McCutchen. If you purchased real estate investment trusts ("REITs") from him and lost money, you may have grounds to bring a securities claim. According to FINRA's BrokerCheck, McCutchen has been accused of making unsuitable investment recommendations. He has also been the subject of numerous broker fraud claims alleging negligence, misrepresentations, and other claims. In one particular case, McCutchen, while registered with Berthel Fisher & Company Financial Services, Inc. was alleged to have put a couple's retirement funds in speculative, illiquid, alternative investments that he misrepresented as safe investments in accordance with the couple's goals to make investments in safe products. In actuality Tier REIT, ICON Leasing Fund Twelve LLC, and others did not have proper diversity or allocation and were not suitable for these investors. One thing these investments have in common is that they come with high commissions for the broker and low probability of success for the client.  The costs [...]

By |April 14th, 2016|Press Releases & News, Broker Check, FINRA|
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Disclaimer: Mr. Frankowski is licensed in Alabama,Florida and Texas. He is not licensed in any other state including Nevada and California. Mr. Frankowski has represented investors from all over the country in securities cases including: Alabama, California, Colorado, Florida, Georgia, Illinois, Kentucky, Louisiana, Mississippi, Nevada, New Mexico New York, North Carolina, Tennessee, Texas.