We are investigating VSR Financial Services stockbroker Dennis Van Patter on behalf of one of his former customers whose account suffered significant losses. The subject account of our elderly lady client was invested in a number of alternative investments that appear unsuitable given her age, limited net worth and lack of financial sophistication.
The investments in non-conventional products such as real estate investment trusts (REITs), oil and gas limited partnerships and tax credit entities include the following:
- APC 2003B
- ATEL Fund
- Atlas Energy Public-17-2008B
- Atlas Energy Public 18 2009B
- Behringer Harvard REIT 1
- Boston Capital Series L.P. 16-29
- CNL Lifestyle Fund
- Cole Credit Property Trust
- Cypress Equipment Leasing
- Independence Tax Credit L.P.
- Inland American Real Estate Trust
- KBS Real Estate Investment Trust
- MPF Income Funds
- Penneco Oil Company 2008-1
- Retail Properties of America
- United Development Funding
According to FINRA records, Van Patter is registered with VSR Financial Services, Inc. a broker dealer with offices nationwide. Van Patter operates through First Financial Services Group in Plano, Texas.
Real estate investment trusts, especially those not traded on a
conventional exchange, as well as other alternative investments such as oil and gas and other limited partnerships are generally not considered suitable for retired conservative investors.
If you have losses in an account handled by Dennis Van Patter, you may be entitled to damages. Call to discuss your options.
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.
Florida-561 391 1900