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Follow on Google News | Another FINRA Arbitration Filed Against VSR Financial Over Alternative Investment LossesThe White Law Group announces the filing of another FINRA arbitration claim against VSR Financial involving alternative investments, oil and gas partnerships and nontraded REIT investment losses.
By: The White Law Group Bradford Drilling Associates 27, L.P. Mewbourne Energy Partners 10-A, L.P. Mewbourne Energy Partners 11-A, L.P. Summit Hotel Properties (Class A) ArciTerra Note Fund III, LLC ArciTerra Strategic Retail, LLC Behringer Harvard MultiFamily REIT I, Inc. CNL Lifestyle Properties, Inc. Cypress Income Fund 8 8.25% Note FS Investment Corporation NetREIT Common Summit Hotel Properties ArciTerra Strategic Retail Trinity Place ArciTerra Strategic Retail, LLC Atlas America Public #18 – 2008-A Ltd Bradford Drilling Associates 26, L.P. Bradford Drilling Associates 27, L.P. Bradford Drilling Associates 28, L.P. Bradford Drilling Associates 29, L.P. Bradford Drilling Associates 30, L.P. Bradford Energy Partners 2, L.P. Cypress Equipment Fund 15 Cypress Equipment Fund 16 FS Energy & Power Fund Gentry Mills – GMI Mueller Hospitality Mewbourne Energy Partners 09-A, L.P. Mewbourne Energy Partners 10-A, L.P. Mewbourne Energy Partners 11-A, L.P. Mewbourne Energy Partners 12-A, L.P. NetREIT Common Penneco Drilling Associates 2010-1 Penneco Drilling Associates 2011-1 Resource Real Estate Opportunity Fund Waveland Drilling Partners 2008-A, L.P. Waveland Drilling Partners 2010-A, L.P. Waveland Drilling Partners 2011-A, L.P. Waveland Drilling Partners 2011-B, L.P. Waveland NeoMatrix Bridge Loan Waveland NeoMatrix, LLC Waveland Resource Partners 1, L.P. Waveland Resource Partners 2, L.P. Waveland Ventures IV, LLC Waveland Ventures IV-A UDF Land Opportunity Fund L.P. CNL Lifestyle Properties, Inc. United Dev Fdg III L.P. Unit L.P. First Eagle Gold Fund C PIMCO Commodity Real Return Strategy C ArciTerra Strategic Retail II, LLC Global Allocation – Class C Van Eck International Investors Gold C Invesco Balanced-Risk Allocation - C PIMCO Dynamic Cr Income Fund KBS Strategic Opportunity REIT The claim seeks damages in excess of $1,000,000. Before recommending an investment, a broker-dealer has a fiduciary duty to adequately disclose the risks involved in the investment and to perform the necessary due diligence to determine whether the investment is suitable for the investor. It is alleged that VSR Financial failed to perform the necessary due diligence on these investments prior to recommending them to these particular investors. The financial advisor that handled the account at issue is named John Towers. According to his FINRA Broker Report (CRD) it appears that John Towers worked in VSR Financial's Plano, Texas office from June 2002 until December 2013. It also appears that in December 2013, Mr. Towers was suspended from the securities industry by FINRA for allegedly recommending that a married couple invest in high-risk private placements and real estate investment trusts. Mr. Towers' CRD also indicates that he has been the subject of sixteen (16) customer complaints. When asked about the claim, D. Daxton White, the firm's managing partner, stated "This claim bears striking similarities to other claims we have filed against VSR involving this particular financial advisor." FINRA Dispute Resolution is an arbitration venue for investors with claims against their brokerage firm or financial professional. It provides investors with an opportunity to attempt to recoup their investment losses and is an alternative to filing such claims in court. For more information on the claim filed by The White Law Group, please contact the firm's Chicago office at 312-238-9650. The White Law Group is a national securities fraud, securities arbitration, and investor protection law firm with offices in Chicago, Illinois and Boca Raton, Florida. For more information on The White Law Group and its representation of investors in FINRA arbitration claims, visit http://www.whitesecuritieslaw.com. End
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