Rex Securities Law is investigating VSR Financial Services broker Mickey Long II, of Plano , TX on behalf of several customers who were sold high concentrations of alternative investments that have resulted in significant losses. Our clients attended several sales seminars sponsored by VSR Financial where Mickey Long and a former VSR broker, John H. Towers, gave presentations on various alternative investments, including the following:
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
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
VSR Financial was recently sanctioned and assessed a fine of $550,000 in connection with the sale of alternative investments, non-conventional investments and private placements. (FINRA Case #2010022963602, July 2013.)
John H. Towers was discharged from VSR in December 2013 after he was fined $25,000 and suspended for three months connection with the sale of over $6 million in alternative investments to a couple who were seeking low risk investments. See this for more details.
Our clients anticipate filing one of more FINRA arbitrations in the immediate future seeking the recovery of damages. If you have information related to these matters we would appreciate hearing from you.
Please call us at 561 391 1900 or follow the "Contact Us" button at the top of the page and provide us with your contact information and we will be in touch.
561 391 1900
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.