Tag Archives: VSR Financial Services Inc.

VSR Financial Sued By Investors For Misrepresentation

Scott Vincent Kaup of Stuart Nebraska a stockbroker formerly employed by VSR Financial Services Inc. is referenced in a customer initiated investment related arbitration claim which was resolved for $42,500.00 in damages based upon accusations that (1) unfounded statements and omissions had been made to the customer concerning real estate securities and direct investments (2) […]

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VSR Sued By Investors For Breach Of Fiduciary Duty

Steven Hugh Murphy of Simi Valley California a stockbroker formerly registered with VSR Financial Services Inc. is referenced in a customer initiated investment related arbitration claim where the customer sought damages estimated to exceed $5,000.00 based upon accusations that (1) the customer was a victim of elder abuse (2) transactions were effected in violation of […]

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Investors Sue VSR Financial For Failure to Conduct Due Diligence

Scott Vincent Kaup of Stuart Nebraska a stockbroker formerly registered with VSR Financial Services Inc. is the subject of a customer initiated investment related arbitration claim where the customer requested $2,600,000.00 in damages founded on allegations that (1) misrepresentations and omissions had been made to the customer concerning investments (2) real estate security and direct […]

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VSR Financial Sued By Investors For Failure To Execute

Daniel Charles Stewart of Shawnee Kansas a stockbroker formerly employed by VSR Financial Services Inc. is the subject of a customer initiated investment related arbitration claim that was resolved for $18,750.00 in damages supported by accusations that Stewart failed to timely execute the customer’s investment related instructions which caused the customer to incur losses. Financial […]

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VSR Financial Accused Of Selling Bad Real Estate Securities

April 27, 2018  |   Posted by :   |   Investment and Regulatory News, Non-traded REITs   |   0 Comments

Dennis Paul Van Patter of Plano Texas a stockbroker formerly registered with VSR Financial Services Inc. has been referenced in a customer initiated investment related written complaint on October 27, 2016 in which the customer alleged that real estate security transactions were placed in the customer’s account that were not suitable for the customer. FINRA […]

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Customer Accuses VSR Financial Services Of Negligence

April 27, 2018  |   Posted by :   |   Breach of Fiduciary Duty, Investment and Regulatory News   |   0 Comments

Robert Edward Wamhoff of Saint Charles Missouri a stockbroker formerly registered with VSR Financial Services Inc. is the subject of a customer initiated investment related written complaint on October 12, 2017 where the customer sought $55,000.00 in damages supported by accusations of breach of fiduciary duty and negligence relating to real estate security transactions executed […]

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Brokerage Firms Sanctioned For Overcharging Customers

December 15, 2017  |   Posted by :   |   Investment and Regulatory News, Mutual Fund Fraud   |   0 Comments

Investors Capital Corporation, J.P. Turner & Company, L.L.C., VSR Financial Services, Inc., Investacorp., Inc., and BB&T Investment Services, Inc., have all been censured by FINRA for taking advantage of certain customers, namely retirement plans and charitable organizations, by overcharging them in mutual fund transactions. Evidently, the firms sold mutual funds containing multiple share classes, in […]

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VSR Financial Services Accused Of Negligence

November 28, 2017  |   Posted by :   |   Non-traded REITs, Securities Arbitration Claims   |   0 Comments

Mickey Long of Plano, Texas, a stockbroker formerly registered with VSR Financial Services, Inc., is the subject of a customer initiated investment related written complaint on March 27, 2017, in which the customer sought $94,438.49 in damages founded on allegations of negligence, breach of fiduciary duty, suitability and misrepresentation concerning the customer’s real estate security, […]

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Another VSR Financial Services Customer Sues For Miconduct

James Vernon Regier, of Topeka, Kansas, a stockbroker formerly registered with VSR Financial Services, Inc., has been named in a customer initiated investment related written complaint on July 14, 2016, in which the customer requested $76,642.00 in damages based upon allegations that Regier effected unsuitable transactions in the customer’s account concerning United Development Funding IV. […]

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VSR Financial Services Named In FINRA Arbitration

Michael Daniel Shaw, of Baton Rouge, Louisiana, a stockbroker formerly registered with VSR Financial Services, Inc., has been named in a customer initiated investment related arbitration claim, in which customers were collectively awarded $307,000.00 in damages on February 4, 2016, based upon allegations that Shaw breached his fiduciary and contractual duties to the customers, negligently […]

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VSR Financial Services Named in Customer Arbitrations Alleging Unsuitability

December 24, 2016  |   Posted by :   |   Investment and Regulatory News   |   0 Comments

Robert Edward Wamhoff, from Saint Charles, Missouri, a stockbroker formerly registered with VSR Financial Services, Inc., has been subject to a customer initiated investment related arbitration claim from February 27, 2016, in which the customer alleged that Wamhoff effected unsuitable investments in the customer’s account. Two days prior, another customer filed an investment related arbitration […]

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VSR Financial Services Named In Customer Securities Arbitration

December 24, 2016  |   Posted by :   |   Investment and Regulatory News, Securities Arbitration Claims   |   0 Comments

Jesse Julian Griffin Jr., of Palm City, Florida, a stockbroker formerly associated with VSR Financial Services, Inc., has been subject to a customer initiated investment related arbitration action from June 19, 2015, which settled for $52,000.00 in damages based upon allegations that Griffin effected unsuitable transactions in the customers’ accounts. FINRA Public Disclosure reveals that […]

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VSR Financial Services Named In Customer Securities Arbitration

December 23, 2016  |   Posted by :   |   Investment and Regulatory News, Securities Arbitration Claims   |   0 Comments

Timothy Charles Hobbs, of Bedford, Texas, a stockbroker formerly registered with VSR Financial Services, Inc., has been subject to a customer initiated investment related arbitration action from February 3, 2014, in which the customer requested $82,500.00 in damages based upon allegations that Hobbs breached his fiduciary duty to the customer, and effected investment transactions in […]

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VSR Financial Services Named in Customer Securities Arbitration

Keith A. Bradley, of Houston, Texas, a stockbroker formerly registered with VSR Financial Services, Inc., has been subject to a customer initiated investment related arbitration claim on July 12, 2016, in which the customer requested $100,000.00 in damages based upon allegations that Bradley negligently handled the customer’s investment account, and effected unsuitable investment transactions. Bradley’s […]

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VSR Financial Services Named in Customer Securities Arbitration Claim

December 07, 2016  |   Posted by :   |   Investment and Regulatory News, Securities Arbitration Claims   |   0 Comments

James V. Regier, of Topeka, Kansas, a stockbroker formerly associated with VSR Financial Services, Inc., has been subject to a customer initiated investment related arbitration claim on July 14, 2016, in which the customer requested $76,642.00 in damages based upon allegations that Regier effected unsuitable investment transactions in the customer’s account pertaining to United Development […]

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VSR Financial Services Named In Customer Arbitration Alleging Fraud

November 30, 2016  |   Posted by :   |   Investment and Regulatory News, Securities Arbitration Claims   |   0 Comments

Nicholas M. Giaallourakis, of Boca Raton, Florida, a stockbroker formerly associated with VSR Financial Services, Inc., has been subject to a customer initiated investment related arbitration claim from October 20, 2015, which settled for $14,000.00 in damages based upon allegations that Giaalourakis violated Florida Securities Act, breached his contractual and fiduciary duties to the customer, […]

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Cetera Firms Fined For Failure To Supervise Variable Annuity Sales

The Cetera Firms, which include Cetera Advisor Networks LLC, (headquartered in El Segundo, California), Cetera Financial Specialists LLC (headquartered in Schaumburg, Illinois), First Allied Securities, Inc. (headquartered in San Diego, California), Summit Brokerage Services, Inc. (headquartered in Boca Raton, Florida), and VSR Financial Services, Inc. (headquartered in Overland Park, Kansas), were censured and fined by […]

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VSR Financial Services Named in Customer Unsuitability Arbitration

Parks Heard Brown Jr., of Marietta, Georgia, a stockbroker formerly associated with VSR Financial Services, Inc., has been named in a customer initiated investment related arbitration claim on October 14, 2016, based on allegations that Brown effected unsuitable investment transactions in the customer’s account. FINRA Public Disclosure reveals that Brown has been subject to three […]

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VSR Financial Services Stockbroker Suspended For Unsuitable Recommendations

Mickey Long, of Plano, Texas, a stockbroker with VSR Financial Services, Inc., was suspended by Texas State Securities Board after being found to have made unsuitable investment recommendations of real estate investments and other alternative investments. Order No. REG16-SUS-03 (Oct. 4, 2016). According to the Order, Long was responsible for advising a seventy-year-old customer who […]

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VSR Financial Services Sued By Customers for Unsuitability

Charles Geraci, of The Woodlands, Texas, a stockbroker for VSR Financial Services, Inc., is subject to a pending customer dispute from July 25, 2016, in which the customer has requested $500,000.00 in damages after alleging that Geraci made unsuitable investment recommendations in alternative investments and private placement investments. According to FINRA Public Disclosure Records,  Geraci […]

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VSR Financial Services Broker Suspended for Unsuitable Recommendations

Dennis P. Van Patter of Dallas, Texas, a registered representative with VSR Financial Services, Inc., was fined $10,000 and suspended for forty-five days from association with any Financial Industry Regulatory Authority (FINRA) member in all capacities after consenting to findings that he made unsuitable recommendations to firm customers. Letter of Acceptance, Waiver and Consent, No. […]

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