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This blog is written by Robert H. Rex, Esq. who is a securities attorney and a passionate advocate for investors rights. With over 30 years of legal experience, 25 of which have dealt almost exclusively with the recovery of stockmarket and investment losses for mostly elderly clients, he and his... More
My company:
Rex Securities Law
My blog:
Rex Investment Loss Recovery Blog
  • Rex Securities Law Investigates VSR Financial Brokers Dennis Van Patter- John H.Towers 0 comments
    Nov 28, 2012 3:33 PM

    Follow this for April 2014 update on Van Patter

    Broker Dennis Van Patter -We are investigating Dennis Van Patter on behalf of one of his former customers whose account suffered significant losses. The subject account of our elderly lady client was invested in a number of alternative investments that appear unsuitable given her age, limited net worth and lack of financial sophistication.

    The investments in real estate investment trusts (REITs), oil and gas limited partnerships and tax credit entities include the following:

    • Behringer Harvard REIT 1
    • Retail Properties of America
    • KBS REIT
    • MPF Income Fund
    • ATEL Fund
    • Atlas Oil and Gas LPs
    • APC 2003B
    • Boston Capital Series L.P. 16-29
    • Independence Tax Credit L.P.

    According to FINRA records, Van Patter is registered with VSR Financial Services, Inc. a broker dealer with offices nationwide. Van Patter operates through First Financial Services in Plano, Texas. FINRA records also indicate that Van Patter is registered with Northwestern National Life Ins. Co.

    Follow this for April 2014 update on John Towers

    Broker John H. Towers- We are also investigating VSR Financial Broker John H. Towers and in February 2014 filed a FINRA arbitration naming VSR Financial. See this for more information. The claim seeks damages on behalf of two Dallas, Texas, area investors for losses on alternative investments including:

    • Alliance Petroleum Corp 2006-B
      • Arciterra Strategic Retail Echelon
      • Arcitera Whitefish Opportunity Fund
      • Atlas America Public #17-2007A Ltd.
      • Bradford Drilling Associates 27, LP
      • Cypress Equipment Fund 13
      • Florida Capital Real Estate Partners 27
      • Mewbourne Energy Partners 9A, 10A, 11A, 12A
      • NetREIT Common
      • Odyssey Residential Realty II LLC 9% Note
      • Odyssey Properties III
      • Reef SWD 2007-A
      • Waveland Drilling Partners 2006-B, 2007-A, 2008-B
      • Waveland Resource Partners
      • Waveland Vanguard Partners

    Real estate investment trusts, especially those not traded on a conventional exchange, as well as other alternative investments such as oil and gas and other limited partnerships are generally not considered suitable for retired conservative investors.

    May 2013-VSR Financial Services was fined $550,000 for sales of alternative investments that were too high a concentration level for customer accounts, for falsifying sales documents and for providing inaccurate and misleading reports. See here for more information.

    If you have information which you feel may be of assistance to our investigation , we would appreciate hearing from you.

    Robert H. Rex, Esq. been helping investors recover investment losses for over twenty years. Call for a free case evaluation.

    We represent clients nationwide.

    If you have information which you feel may be of assistance to our investigation , we would appreciate hearing from you.

    Robert H. Rex, Esq. been helping investors recover investment losses for over twenty years.

    We represent clients nationwide.

    Rex Securities Law

    561 391 1900

    Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

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