RBC Wealth Management and Bruce Cameron ordered to pay elderly investor $723,000 for Oil & Gas Master Limited Partnerships (MLP's)
/Furgison Law Group is currently investigating claims against Bruce T. Cameron (CRD# 388840), RBC Capital Markets, LLC and RBC Wealth Management. We are investigating claims involving allegations of breach of fiduciary duty, unsuitable investment recommendations, overconcentration, failure to supervise, misrepresentations, omissions of material facts, conflict of interests, violations of state and federal securities laws, along with other broker misconduct related to Master Limited Partnerships (MLP) investments, Oil & Gas investments and other Energy Sector investments, including:
- Brietburn Energy Partners, LP; Enable Midstream Partners, LP;
- Enterprise Products Partners, LP; Ferrellgas Partners, LP;
- Gramercy Property Trust;
- JP Energy Partners, LP;
- Mid Con Energy Partners, LP;
- Southcross Energy Partners, LP;
- Summit Midstream Partners, LP;
- Tallgrass Energy Partners, LP;
- CrossAmerica Partners, LP; and
- Enlink Midstream Partners, LP.
A FINRA arbitration panel in Tampa, Florida, ordered Bruce Cameron of Norwell, Massachusetts, RBC Capital Markets, LLC and RBC Wealth Management to pay an investor $723,354.76, plus interest related to the sale of the above-referenced MLP investments. FINRA Case #17-0305, Virginia E. Nourie, et al. v RBC Wealth Management, et al. The panel found the firm and advisor liable for breach of fiduciary duty, negligence and negligent supervision related to an over-concentration of MLP investments in the account of an elderly woman.
Investors Have the Right to Recover Their Losses
When investments are sold by brokerage firms licensed by FINRA, they are subject to the laws that FINRA enforces. The brokerage firms are responsible for ensuring that their brokers are trading fairly, ethically and in the best interest of their clients. Ideally, they would accomplish this through careful supervision. Unfortunately, too often this supervision has been inadequate to fully protect investors. If you purchased any investments through a representative of a registered brokerage firm and suffered loses through negligence or fraud, it immediately puts the brokerage firm at fault for failing to supervise their broker. FINRA law then dictates that you can hold the firm legally liable to recover your damages.
Can I recover my investment losses?
If you have questions about MLP investments you made with Bruce Cameron, RBC Capital Markets, LLC, RBC Wealth Management or any other brokerage firms, the securities attorneys of Furgison Law Group may be able to help you. To speak with a securities attorney please call (310) 356-6890.
Our investment fraud lawyers have recovered millions of dollars from the largest banks, insurance companies, and brokerage firms in the world on behalf of investment fraud victims. You may have certain legal rights that may require your immediate attention. Time is of the essence in these claims. The sooner you act, the greater your chances of recovering your investment losses. Don't wait. Contact us TODAY for a FREE Consultation and case evaluation. We will tell you if you have a viable claim worth pursuing.