Jeffrey Scott Larson of Saint Louis Missouri a stockbroker formerly registered with Larson Financial Securities LLC is the subject of a customer initiated investment related written complaint on September 15, 2020 where the customer requested more than $10,000.00 in estimated damages founded on allegations that the customer had been inappropriately placed into a variable life insurance policy by Larson.
Financial Industry Regulatory Authority (FINRA) Public Disclosure reveals that Larson has been identified in three additional customer initiated investment related disputes regarding allegations of his improper activities while registered by Larson Financial Securities. On August 17, 2017, a customer filed an investment related complaint involving Larson’s activities in which the customer sought $36,078.25 in damages based upon allegations that the Larson Financial customer had been recommended a variable universal life insurance policy that was not appropriate.
Larson has also been referenced in a customer initiated investment related written complaint on September 11, 2017 where the customer requested $34,000.00 in damages supported by allegations that the costs and the fees for universal life insurance had been concealed by Larson.
On January 22, 2019, another customer filed an investment related complaint regarding Larson’s activities in which the customer sought $10,500,000.00 in damages founded on allegations that the customer had been defrauded and that assets were misused by the stockbroker in regard to insurance and annuity products. According to the claim, there was a breach of contractual and fiduciary obligations to the customer.
Larson’s registrations with Larson Financial Securities and Larson Financial Group have been terminated as of August 17, 2017. Since August 1, 2017, he has been an investment adviser representative of Arete Wealth Advisors and as of August 2, 2017, he has been registered as a stockbroker of Arete Wealth Management.