Baton Rouge, LA
UPDATE December 2016-Publicly available records disclose that in December 2016 a customer of Steven Stahler filed FINRA arbitration #16-3594 alleging damages for unsuitable investments in direct investments, equipment leasing, real estate securities, unit investment trusts and business development companies.
Original Post June 2016– According to FINRA records, Steven L. Stahler , a stockbroker who formerly worked for VSR Financial Services discloses 1 final regulatory event, 11 final customer disputes, one pending customer dispute and one pending judgment/lien.
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 a currently pending matter, a customer while Stahler was employed by VSR Financial Services alleges damages of $793,101 and alleges Stahler failed to diversify investments and was negligent in recommending direct investments in equipment leasing, oil and gas, promissory notes and REITs.
In November 2014, Stahler was suspended and fined by FINRA after being named in a FINRA complaint alleging that he made unsuitable recommendations to four customers. The recommendations were investments in private placements and REITs that were unsuitable for the customers.
Most of the previously resolved customer disputes against Stahler relate to investments made into alternative investments while Stahler was employed by VSR Financial Services. Settlements on those cases range as high as $1.3M.
Stahler was previously registered with the following firms:
- Lowell & Company 8/2012=11/2013
- Ausdal Financial Partners 12/2011-8/2012
- Berthel Fisher Financial 6/2009-12/2011
- VSR Financial 10/1992-6/2009
In July 2013, FINRA fined VSR Financial $550,000 for over concentrating alternative investments in customer accounts. See this for more information.
We have represented a number of people with claims against VSR Financial Services over during the past several years. Follow this link for more information on our investigation into the sales practices of VSR Financial Services.
If you have questions about an account handled by Steven Stahler or other VSR FInancial Services broker, 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.
Florida-561 391 1900