The Law Office of Kevin J. Deloatch, Esq. is currently investigating recommended transactions in the common stock of Erin Energy Corporation through Cabot Lodge Securities LLC (CRD # 159712) and broker/advisor Arben (“Ben”) Gecaj (CRD # 2132889).
History of Erin Energy Corporation
Erin Energy Corporation is/was an independent exploration and production company engaged in the acquisition and development of energy resources in Africa. It last traded on the OTC Markets Group under ticker symbol “ERINQ” after it had been delisted from the NYSE in April 2018.
On April 25, 2018, Erin Energy filed for Chapter 11 bankruptcy. On July 13, 2018, the voluntary petition under Chapter 11 was converted to Chapter 7.
Prior to April 25, 2018, Erin Energy Corporation was listed on the New York Stock Exchange (NYSE Amex Equities) trading under the ticker symbol “ERN” until its delisting and subsequent trading on the OTC.
Prior to April 23, 2015, Erin Energy traded as CAMAC Energy, Inc. on the NYSE under the ticker symbol “CAK”, until its name change on that date.
Suitability of Securities Recommendations
Prior to making recommendations to an individual investor, brokerage firms and brokers are required by the Financial Industry Regulatory Authority (FINRA) to make a good faith determination of a client’s investment objectives and risk tolerance. Under FINRA Rule 2111, customer recommendations should only be made if the investment is suitable for an individual investor given their age, investment objectives, investment experience and risk tolerance. Brokerage firms that make unsuitable recommendations can be held accountable through securities arbitration for losses sustained.
If you lost money in Erin Energy Corporation from recommended transactions through Cabot Lodge Securities and Arben (“Ben”) Gecaj, the Law Office of Kevin J. Deloatch, Esq. is interested in speaking with you.
The Law Office of Kevin J. Deloatch, Esq. has an extensive securities law practice and over 30 years of experience on Wall Street. Call today at (646) 792-2156 for a free consultation. The time to file your claim may be limited. Call today to avoid delay.