Jeffrey Scott Larson, of Kirkwood, Missouri, a stockbroker formerly registered with Arete Wealth Management LLC, is referenced in a customer initiated investment related FINRA securities arbitration claim where the customer sought compensatory damages founded on accusations that Larson provided unsuitable recommendations concerning alternative investments when he was registered with Arete Wealth Management LLC. Financial Industry Regulatory Authority (FINRA) Arbitration No. 21-01259 (May 18, 2021).

FINRA Public Disclosure shows that Larson has been identified in four more customer initiated investment related disputes regarding allegations of his wrongdoing while employed by Larson Financial Securities LLC. On August 17, 2017, a customer filed an investment related complaint concerning Larson’s activities. They requested $36,078.25 in damages based upon accusations that they were provided with unsuitable recommendations relating to a variable universal life insurance policy while Larson was associated with Larson Financial Securities.

Larson is also the subject of a customer initiated investment related written complaint on September 11, 2017, where the customer sought $34,000.00 in damages based upon allegations that cost and fees on a variable universal life insurance policy were not made known to them by Larson Financial Securities.

On January 22, 2019, another customer filed an investment related complaint concerning Larson’s conduct. They requested $10,500,000.00 in damages founded on accusations of Larson’s breach of contract and breach of fiduciary duty relating to insurance and annuity products purchased through Larson Financial Securities. The claim also alleges fraud and conversion.

Larson is also referenced in a customer initiated investment related written complaint on September 15, 2020, where the customer sought compensatory damages based upon allegations that the customer and their spouse were duped into buying a variable universal life insurance policy that resulted in damages.

Larson was registered with Larson Financial Securities as a stockbroker between July 21, 2010, and August 17, 2017, and registered with Larson Financial Group LLC as an investment adviser representative between July 19, 2007, and August 17, 2017. Since August 2, 2017, he has been a stockbroker registered with Arete Wealth Management and investment adviser representative of Arete Wealth Advisors LLC.

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