Chicago, IL, Nov. 09, 2015 (GLOBE NEWSWIRE) -- CHICAGO-- Stoltmann Law Offices announces it is investigating former Wells Fargo and Wachovia Securities financial adviser Marcus J. Debaise (CRD# 2404266) of Glastonbury, Connecticut. Debaise may have over-concentrated and failed to diversify the portfolio of retirees in a variety of equity investments. These investments include, but are not limited to, MFC Corp., KHD Wedag International, Compton Petroleum Corp., Niko Resources, Ltd., Presstek Inc., Essex Rental Corp., Fusion-IO Inc., GMX Resources, Inc., Amarin Corporation PCL, Bankers Petroleum, Xtreme Drilling & Coil, Myriad PhArmaceuticals, FAB Universal Corp, Dendreon Corp., Galleon Energy, Inc., ATP Oil & Gas, China Mediaexpress Holdings, Aviat Networks, Inc., Dryships, Inc., Turnkey E&P Inc., TESCO, Walter Energy, National Oilwell, Varco, Inc., Carrington Labs, Inc., Regis Corp Minn, Talisman Energy, Inc., Mosaic Company, Carrizo Oil & Gas, Petrohawk Energy Corp., United Therepeutics Corp., Black Diamond, Inc., Orient Express Hotels Ltd – A, Bioenvision Inc., Liveperson, Inc., DVI, Inc., Harris Stratex Networks, ICJ Medical, Inc., CV Therapeutics, and Middleby Corporation. Marcus Debaise is now subject to 17 customer disputes since 2011, many of which relate to the over-concentration of investor portfolios in equities.
According to Chicago securities fraud attorney Andrew Stoltmann “Brokers are required to make suitable investment recommendations to clients consistent with their financial resources, actual investment objectives and risk tolerance. Failure to do so can make the brokerage firm liable for some, or all, of the damages sustained by the investor.”
According to Stoltmann “Our law firm has filed hundreds of FINRA arbitration claims against firms like Wells Fargo for unsuitable investment recommendations and other related activities. We encourage clients of Marcus J. Debaise to call our law firm at 312.332.4200 or visit www.InvestmentFraud.PRO for a free consultation by an attorney as to how investment losses from unsuitable investment recommendations can be recovered through a lawsuit or FINRA arbitration claim against Wells Fargo.”