Houston , Texas
UPDATE December 2016-Keith Bradley’s FINRA records disclose a pending customer initiated claim seeking damages of $100,000 for unsuitable investments and negligence related to Direct Investments, Limited Partnerships, equipment leasing, oil & gas investments, real estate securities and private placements.
Original Post May 2016–Rex Securities Law is investigating VSR Financial Services broker Keith Allen Bradley (dba Reserve Management Financial Services) in connection with the sale of alternative investments to several retired persons in Houston, Texas.
The investments include:
- Alliance Petroleum Corp 2005/2006
- Arciterra Note Fund
- Arciterra Real Estate Investment Trust
- Behringer Harvard Investments
- Bradford Drilling Assoc.
- KBS REIT
- Mackenzie Patterson Flagship Fund
- Mewbourne Energy Partners
- Reef Income & Development Funds
- Ridgewood Energy Funds
- Waveland Drilling Partners
- WNC Housing Tax Credit
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.
According to FINRA records, Keith Allen Bradley has been registered with VSR Financial Services since 1/2002, and he discloses 4 pending judgment/liens, including a $400,431 Federal Tax lien, a lien of $109,201 to Harris County Court, TX, and a $108,959 lien to Montgomery County Court, Texas.
VSR FINANCIAL SANCTION FOR SALE OF UNSUITABLE ALTERNATIVE INVESTMENTS
VSR Financial Services was fined $550,000 by the Financial Industry Regulatory Authority (FINRA) in May 2013 in connection with the sale of alternative investments. In their findings, FINRA criticized VSR Financial for recommending high concentration levels of alternative investments in customer accounts and for its lack of supervision over the use of consolidated reports prepared by brokers and provided to customers.
If you have losses in an account handled by Keith Bradley, contact us to discuss how you may be able to recover damages for those losses.
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