Rex Securities Law has been investigating VSR Financialbroker Dennis Van Patter and anticipates filing a FINRA arbitration against VSR Financial on behalf of one of Van Patter's former clients. The arbitration is on behalf of a widow who opened an account following her husband's death and was sold a large number of alternative investments, including the following:
- Atlas Energy Public 17-2008B
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Atlas Energy Public 18 2009B
Boston Capital Series 44
Boston Capital Series 47
CNL Lifestyle Fund
Cole Credit Property Trust II
Cypress Equipment Fund 15
Inland American Real Estate Trust
KBS Real Estate Investment Trust Inc.
MPF Income Fund 25
Penneco Oil Company 2008-1
United Development Funding III
The arbitration alleges that the investments are unsuitable and that VSR was negligent in the supervision of their registered representative Dennis Van Patter and breached their fiduciary duty to their customer. Van Patter operates a company called First Financial Services Group in Plano, TX.
If you believe you were sold unsuitable investments by your broker, call to discuss your legal rights with an experienced securities attorney.
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Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.