VSR Broker M.F. (Mickey) Long II & Personal Wealth Advisors, LLC Investigated by Rex Securities Law

VSR Broker M.F. (Mickey) Long II & Personal Wealth Advisors, LLC Investigated by Rex Securities Law 150 150 Rex Securities Law

Rex Securities Law is investigating VSR Financial Services broker Mickey Long II, of Plano , TX, and his company Personal Wealth Advisors, LLC,  on behalf of several customers who were sold high concentrations of alternative investments that have resulted in significant losses. Our clients attended dinner meeting/sales seminars sponsored by VSR Financial Services, Inc. during which Mickey Long and former VSR Financial broker, John H. Towers, gave presentations on various alternative investments, including the following:

Alliance Petroleum Corp 2006-B

Alliance Petroleum Corp. 2007A

Altegris Winton Futures Fund LP Class A

Arciterra Note Fund III, LLC

Arciterra Strategic Retail Echelon

Arcitera Whitefish Opportunity Fund

Atlas America Public #17-2007A Ltd.

Behringer Harvard REIT, I, Inc.

Bradford Drilling Associates 27, LP

Cole Credit Property Trust II, Ltd.

Cypress Equipment Fund 13

Cypress Equipment Fund 15

Florida Capital Real Estate Partners 27

FS Investment Corporation


Mewbourne Energy Partners 9A, 10A, 11A, 12A

NetREIT Common

Odyssey Residential Realty II LLC 9% Note

Odyssey Properties III

Reef Income & Development Fund 3

Reef SWD 2007-A

Waveland Drilling Partners 2006-B, 2007-A, 2008-B

Waveland NeoMatrix, LLC

Waveland Resource Partners

Waveland Vanguard Partners

The Certified Financial Planning Board website lists Mickey Long and John H. Towers under the “suspension” category on its listing of disciplined individuals.

VSR Financial was recently sanctioned and assessed a fine of $550,000 in connection with the sale of alternative investments, non-conventional investments and private placements. (FINRA Case #2010022963602, July 2013.)

John H. Towers was discharged from VSR in December 2013 after he was fined $25,000 and suspended for three months connection with the sale of over $6 million in alternative investments to a couple who were seeking low risk investments. See this for more details. 

Our clients anticipate filing one of more FINRA arbitrations in the immediate future seeking the recovery of damages. If you have information related to these matters we would appreciate hearing from you.

If you have questions about investments made through Mickey Long, John H. Towers or Dennis Van Patter or any other VSR Financial Services, Inc. broker, please call us to discuss this matter with an experienced securities attorney. Nationwide representation.

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 


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