Tagged with "Oil"

FINRA Ordered Raymond James to Pay $3.2 Million to Customers Harmed by Oil and Gas Investments

Posted on November 7th, 2019 at 5:22 PM
FINRA Ordered Raymond James to Pay $3.2 Million to Customers Harmed by Oil and Gas Investments

Financial Industry Regulatory Authority Inc. (“FINRA”) has ordered Raymond James and Associates Inc. (“Raymond James”) to pay $3.2 million to more than two dozen customers over unauthorized trading in oil and gas ventures.

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Commodities Head for Record Losing Run on Weak Oil and Strong Dollar

Posted on January 9th, 2015 at 11:38 AM
Commodities Head for Record Losing Run on Weak Oil and Strong Dollar

According to Bloomberg News, with weaker oil price and a stronger dollar worldwide, commodities are facing the biggest annual loss since the global financial crisis in 2008.

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Junk Oil Bonds Rely on Banks for Rescue

Posted on December 26th, 2014 at 10:27 AM

As oil prices have dropped as much as 49 percent in 2014, independent oil exploration and production companies are suffering. As their profits decline, those companies heavily are relying upon bank credit line to survive.

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