The firm of J.J.B. Hilliard, W.L. Lyons, LLC was investigated by FINRA for breach of fiduciary duty; negligence, negligent supervision and other securities violations. In a case involving J.J. B. Hillard’s registered representative, all of Claimants’ blue chip stocks were sold and invested in funds of highly speculative oil and gas company known as Breitburn Energy Partners Limited Partnership. This lack of diversification exposed them to massive risk which was contrary to their conservative investment objectives and low risk. Claimants were awarded $450,000 in compensatory damages and $100,000 punitive damages.
The investor claims lawyers of McCarthy Lebit are investigating J.J.B. Hilliard, W.L. Lyons, LLC. If you lost money due to J.J.B. Hilliard, W.L. Lyons, LLC, please contact our office at 1-866-932-1295.