Steve Patrick Walsh, of Clive, Iowa, a stockbroker currently registered with H. Beck, Inc., is the subject of a Financial Office of Financial Regulation Order which denied his application for securities registration according to a Stipulation and Consent Agreement containing findings that Walsh made misstatements to Florida’s Office of Financial Regulation within his application for registration with H. Beck, Inc. Case No. 67643-SR (Aug. 30, 2016).
Financial Industry Regulatory Authority (FINRA) Public Disclosure reveals that Walsh has been referenced in four customer initiated investment related disputes pertaining to accusations of his misconduct while he was employed with VSR Financial Services, Inc. In particular, a customer was awarded $3,500.00 in damages according to an investment related arbitration claim containing findings that Walsh omitted information about the terms of investing, negligently handled the customers’ accounts, and invested customers’ funds in limited partnerships and real estate programs that were not suitable for the customers. National Association of Securities Dealers (NASD) Arbitration No. 99-2031 (Apr. 25, 2000).
Subsequently, on September 15, 2009, a customer initiated investment related written complaint involving Walsh’s conduct was settled for $42,000.00 in damages founded on allegations that Walsh executed unsuitable direct participation program transactions. Thereafter, a customer initiated investment related civil action involving Walsh’s conduct was filed in the District Court for Polk County, Iowa, which was settled for $35,000.00 in damages based upon accusations of suitability relating to direct participation programs. Civil Action No. CL116446 (Apr. 5, 2010). Moreover, on May 24, 2010, a customer filed an investment related written complaint regarding Walsh’s activities, where the customer requested $50,000.00 in damages supported by allegations of misrepresentation and suitability.
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