Tag Archives: Cole Credit Property Trust II

Charles Geraci Investigation-Former VSR Financial Services Broker-Woodlands, TX

November 2017-The Woodlands, Texas

According to FINRA records, Charles Geraci a former VSR FInancial Services broker who is not currently registered with any brokerage firm, discloses two pending customer disputes and 6 prior customer disputes that have been resolved .

The Financial Industry Regulatory Authority (FINRA) is the agency that licenses and regulates stockbrokers and brokerage firms. FINRA requires brokers and brokerage firms to report customer complaints and disputes as well as regulatory sanctions. In addition brokers are required to disclose certain financial matters such as personal bankruptcies, judgments and liens.

In currently pending FINRA Case #16-1180, a customer of VSR Financial Services alleges damages of $930,216 for negligent misrepresentation, breach of contract and unsuitable investments in equipment leasing, real estate securities, limited partnerships and other direct investments.

In currently pending FINRA case 16-2097,  a customer of VSR Financial Services alleges damages of $500,000 for unsuitable investments in private placements and alternative investments including:

  • Behringer Harvard REIT I
  • Cole Credit Property Trust II
  • United Development Funding III
  • Cypress Income Fund VII
  • FS Investment Corporation
  • Odyssey Diversified Notes IX
  • Grubb & Ellis Healthcare
  • Canadian UIT

FINRA records indicate that Geraci was employed by VSR Financial Services 6/2008-1/2013 and then again 1/2014-7/2016. From 1/2013-12/2013 he was employed by Sagepoint Financial.

 

VSR Financial Services Problems with Alternative Investments

In July 2013, FINRA fined VSR Financial $550,000 for over concentrating   customer accounts with various  alternative investments. See this for more information.

During the past three years we have represented quite a few people seeking damages from VSR Financial Services  for losses suffered on investments made  in REITs, oil and gas partnerships, equipment leasing and other alternative investments. Follow this link for more information on our investigation into the sales practices of VSR Financial Services.

Many of these investments were purchased years ago and persons suffering damages from these investments should be aware that there are statutes of limitations and regulatory rules that may make it impossible to collect damages if claims are not brought in a timely manner. Victims who wish to pursue their claims should act now without further delay or risk losing valuable legal rights.

If you have questions about an account handled  by Charles Geraci or if you have losses in an account at VSR Financial Services, call for a no charge consultation.

Rex Securities Law , with offices in Boca Raton, FL,  and  Austin, TX,   provides representation to  investors  nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers and broker dealers. If you have questions about how your account has been handled, call to speak with an experienced securities attorney.

Most cases handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.

Nationwide Representation

Rex Securities Law

TollFree: 877-224-3199

Florida-561 391 1900 

Texas-512-329-2870

Thomas Fross-SII Investments Stockbroker Discloses Customer Dispute-The Villages, FL

UPDATE-September 2016SII Investments was found liable for negligence, unsuitability and breach of fiduciary duty and ordered to pay damages in the amount of $19,634 plus interest in FINRA Case #16-0082. The cause of action related to the purchase of Cole Credit Property Trust II and Behringer Harvard REIT I non traded real estate investment trusts. Kraemer vs SII Investments, Inc. 

Original Post–April 4, 2016-The Villages, Florida

According to their website, The Financial Industry Regulatory Authority (FINRA), “ is dedicated to investor protection and market integrity through effective and efficient regulation of the securities industry.”

IN 2015, FINRA brought 1,512 disciplinary actions and levied fines of nearly $100 million, and referred over 800 fraud and insider trading cases to the U S Securities & Exchange Commission for litigation and prosecution.

The FINRA records of stockbroker Thomas M. Fross disclose that a customer has filed an arbitration . In FINRA Case 16-0082, a customer alleges that two real estate investment trusts (REITs) are not suitable. Damages of $29,000 are alleged.

Fross has been employed by SII Investments since 6/2007.

If you have losses in an account handled by Thomas Fross of Fross & Fross Wealth Management and SII Investments, contact us to learn how you may be able to recover damages from his employer.

Rex Securities Law , with offices in Boca Raton, FL,  and  Austin, TX,   provides representation to  investors  nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers and broker dealers. If you have questions about how your account has been handled, call to speak with an experienced securities attorney.

Most cases handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.

Nationwide Representation

Rex Securities Law

TollFree: 877-224-3199

Florida-561 391 1900 

Texas-512-329-2870