Dallas Securities Litigation Firm, LewinsLaw PC, Receives Award for Client Against Texas E&P Partners and Mark Allan Plummer

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Dec 04, 2018, 09:18 ET

DALLAS, Dec. 4, 2018 /PRNewswire/ -- LewinsLaw's Securities Litigation client was awarded $345,000.00 by a FINRA Arbitration panel against Mark Allan Plummer and Texas E&P Partners.

The claims stemmed from Plummer and his company Texas E&P Partners, soliciting investments into high risk, illiquid oil & gas partnerships to elderly clients.

Richard Lewins has been selected on multiple occasions as one of the Best Lawyers in Dallas for Securities Litigation by D Magazine and Texas Monthly.

The arbitrators found that Plummer, individually and through his company, committed fraud, deceit and misstatements and omissions of material facts in violation of the Texas Securities Act, as well as common fraud, deceit or manipulation in connection with the purchase and/or sale of a security, in this case, oil & gas partnerships.

"In these times of relatively low-interest rates, largely retired senior investors looking for income are easy prey for aggressive salespersons selling high risk, illiquid investments with promises of significant income rather than safer, liquid investments," said Richard Lewins of LewinsLaw.

"People who recommend and sell investments, whether they are affiliated with well-known brokerage firms, or small, independent firms, have a duty to only recommend and sell investments that are suitable to the buyer. Misrepresenting high-risk, illiquid investments to people that are the most vulnerable and least able to take on such risk is reprehensible," Lewins added.

About LewinsLaw, PC
LewinsLaw, PC is dedicated to representing investors in their claims against brokerage firms and investment advisors. Richard Lewins, the firm's principal, has represented hundreds of clients throughout the country in arbitrations before the NASD/FINRA, NYSE, and AAA, and has recovered substantial amounts through Awards and settlement.

He has been a featured speaker and author in the area of securities and securities litigation for the American Association for Justice (f/k/a/ ATLA), State Bar of Texas, The University of Texas School of Law, Dallas Bar Association, the American Institute of Certified Public Accountants and the Financial Executives Institute. His opinions on securities-related topics are frequently sought by news organizations, and he has hosted a weekly radio show on investor's rights.

For more information, visit http://www.lewinslaw.com

SOURCE LewinsLaw, PC