Provident Royalties

Provident Royalties, based in Dallas, Texas, has filed a petition for reorganization under Chapter 11 Bankruptcy. In 2009, the SEC obtained a temporary restraining order and an asset freeze alleging that from 2006 - 2009 Provident made a series of fraudulent offerings of preferred stock and limited partnership interests. The alleged fraud and Ponzi scheme sales were made to more than 7,500 investors nationwide.

A securities brokerage firm licensed by FINRA, Provident Royalties has a legal duty to supervise its brokers and its brokers' recommendations to clients to ensure compliance with and prevent violations of the rules of the security industry. When an individual broker is negligent or acts in an unlawful manner against the interests of the client and that client suffers damages as a result of such wrongdoing, the firm may be held liable for the investor's losses.

The law firm of Meyer Wilson has the experience, expertise and financial resources to represent clients with investor claims against securities brokerage firms such as Provident Royalties. Our firm represents clients with investor claims in federal and state courts, and in arbitration through The Financial Industry Regulatory Authority (FINRA), the American Arbitration Association (AAA) and private arbitration. We also represent international clients with claims against brokerage firms in the United States through FINRA.

To determine whether you have a case against Provident Royalties for your losses, call us toll-free at 1.866.827.6537 or complete our online form for a free case evaluation.