fbpx

Paul C. Larsen-Former VSR Financial Broker-Discloses 17 Customer Disputes-Naples, FL

Paul C. Larsen-Former VSR Financial Broker-Discloses 17 Customer Disputes-Naples, FL 150 150 Rex Securities Law

UPDATE December 2016FINRA records disclose that Paul C. Larsen, formerly a broker with VSR Financial in Naples, FL, discloses 17 customer disputes, several of which are currently pending. FINRA has permanently barred Larsen from acting as a broker or otherwise associating with firms that sell securities to the public.

In the fall of 2016 VSR Financial closed its doors and transferred most of its brokers and customers to a related entity, Summit Brokerage Services. For more information on VSR Financial and their issues related to the sale of alternative investments, including real estate investment trusts (REITs), oil and gas partnerships and equipment leasing investments, follow this link. 

If you have losses on alternative investments made with VSR Financial Services, contact us to learn how you may be able to recover damages through FINRA arbitration. Cases handled on a contingent fee basis, meaning that you pay nothing unless we are successful.

Time is of the essence since there are statutes and rules that affect your right to pursue these claims, so you would be wise not to delay. 

 

OUR ORIGINAL POST OCTOBER 2014

We are investigating Paul C. Larsen, a broker who was registered with VSR Financial Services in Naples, FL, from June 2004-September 2010. Larsen was permanently barred from the securities industry by FINRA in December 2011 when he failed to provide information and documentation to FINRA regarding possible outside business activities and/or private securities transactions. Those outside business activities involved the Yokam Land Holdings, the Camenisch Fann and  a company called CW Capital.

A review of Larsen’s official FINRA records reveals that since 2011 there have been 8 customer disputes filed and settled against Larsen and there are presently 7 customer disputes filed and pending.  These disputes, most of which are substantial six figure claims involve direct investments like oil & gas investments or real estate investment trusts (REITs) as well as tenant in common investments (TICs).

VSR Financial was sanctioned by FINRA in 2013 in connection with the sale of private placements, direct investments and other non-conventional investments and assessed a fine of $550,000. One of the criticisms by FINRA was that VSR did not supervise brokers and permitted them to invest too large a percentage of their liquid net worth in alternative investments.

If you have losses in an account at VSR Financial contact us to find out your options for recovering damages.

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

%d bloggers like this: