Eric Lee Lindquist Allegedly Engaged in an Unsuitable Recommendation in 2015 to Buy in a Single Oil & Gas Investment that Eventually Filed for Chapter 11 Bankruptcy
Eric Lee Lindquist allegedly made an unsuitable recommendation in 2015 to purchase in a single oil and gas investment that eventually filed for Chapter 11 bankruptcy in February 2017,
according to FINRA Reports under review by investor rights attorney Alan Rosca.
Alan Rosca, of the Goldman Scarlato & Penny PC law firm, is investigating activity related to Eric Lindquist’s alleged unsuitable recommendation. Investors who believe they may have lost money in activity related to Eric Lindquist’s alleged unsuitable recommendation are encouraged to contact attorney Alan Rosca with any useful information or for a free, no obligation discussion about their options.
Eric Lee Lindquist Has 25 Years in the Securities Industry with 6 Firms & is Currently Registered with Wells Fargo in Monticello, Minnesota
Eric Lee Lindquist has worked for 25 years in the securities industry with 6 firms in Minnesota, and has been registered with Wells Fargo Clearing Services, LLC in Monticello, Minnesota since January 3, 2011, according to FINRA Reports.
Eric Lindquist has also been registered at the following firms in Minnesota:
• Wells Fargo Investments, LLC, Monticello, MN, December 13, 2000 – January 3, 2011
• Wells Fargo Brokerage Services, LLC, Minneapolis, MN, December 15, 2000- August 12, 2002
• American Express Financial Advisors, Minneapolis, MN, January 20, 1993 – February 16, 1993
• IDS Life Insurance Company, Minneapolis, MN, January 20, 1993 – February 16, 1993
Brokerage firms such as Wells Fargo Clearing Services, LLC have a responsibility to adequately supervise all of their registered representatives who are employed through their firm, to prevent violations of securities rules and regulations. Brokerage firms also must initiate action to ensure that their financial advisors follow all securities rules and regulations, as well as internal firm policies. If and when brokerage firms fail to adequately supervise their registered representatives, they may be held liable for investment losses sustained by customers.
Finally, it is important to note that, as of the date of this article, there has not been a finding of liability as to the complaints mentioned in this article, unless otherwise indicated.
Securities Lawyer Investigating
The Goldman Scarlato & Penny PC law firm represents investors who lose money as a result of investment-related fraud or misconduct and are currently investigating Eric Lindquist’s alleged unsuitable recommendation. The firm takes most cases of this type on a contingency fee basis and advance the case costs, and only gets paid for their fees and costs out of money recovered for clients. Attorney Alan Rosca, a securities lawyer and adjunct professor of securities regulation, and has represented thousands of victimized investors across the country and around the world in cases ranging from arbitrations to class actions.
Investors who believe they lost money as a result of Eric Lindquist’s alleged unsuitable recommendation may contact attorney Alan Rosca for a free no-obligation evaluation of their recovery options, at 888-998-0530, via email at email@example.com, or through the contact form on this webpage.