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Robert Rex
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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
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  • Investigation Of Paul C. Larsen, Former VSR Financial Broker-Naples, FL

    We are investigating Paul C. Larsen, a broker who was registered with VSR Financial Services in Naples, FL, from June 2004-September 2010. Larsen was permanently banned from the securities industry by FINRA in December 2011 when he failed to provide information and documentation to FINRA regarding possible outside business activities and/or private securities transactions. Those outside business activities involved the Yokam Land Holdings, the Camenisch Fann a company called CW Capital.

    A review of Larsen's official FINRA records reveals that since 2011 there have been 8 customer disputes filed and settled against Larsen and there are presently 7 customer disputes filed and pending. These disputes, most of which are substantial six figure claims involve direct investments like oil & gas investments or real estate investment trusts (REITs) as well as tenant in common investments (TICs).

    VSR Financial was sanctioned by FINRA in 2013 in connection with the sale of private placements, direct investments and other non-conventional investments and assessed a fine of $550,000. One of the criticisms by FINRA was that VSR did not supervise brokers and permitted them to invest too large a percentage of their liquid net worth in alternative investments.

    Rex Securities Law provides nationwide representation to investors 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.

    Rex Securities Law

    561 391 1900

    Nov 14 6:09 PM | Link | Comment!
  • Steven Stahler VSR Financial Broker--FINRA Accepts Offer Of Settlement

    November 4, 2014- FINRA entered an Order Accepting Offer of Settlement from VSR Financial broker Steven L. Stahler. Under the terms of the offer Stahler neither admits nor denies the allegations made by FINRA .

    In the Order, which can be accessed here, FINRA found that Stahler over concentrated customer accounts in risky alternative investments, including real estate investment trusts (REITs), and private placements.

    The concentration levels exceeded the stated risk tolerance of the customers and in some cases the guidelines set forth the VSR Financial supervisor manuals. Stadler generated large commissions as a result of these sales while the customers lost hundreds of thousands of dollars.

    The FINRA sanctions include a $15,000 fine and a six month suspension. FINRA records indicate that Stahler is not currently registered. He 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.

    Rex Securities Law provides nationwide representation to investors 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.

    Rex Securities Law

    561 391 1900

    Nov 14 6:06 PM | Link | Comment!
  • G.A. Repple Named In FINRA Arbitration

    New Smyrna Beach, Florida- On November 7, 2014, Rex Securities Law filed an arbitration with the Financial Industry Regulatory Authority (FINRA Case #14-03417) against G.A. Repple & Company and financial advisor Frank Reynolds on behalf of a 67 year old widow seeking damages for investment losses in excess of $170,000.

    In the Statement of Claim, our client alleges that G.A. Repple & Co. , of Casselberry, Florida, failed to supervise its registered representative Frank Reynolds and permitted him to sell unsuitable investments including DBSI 9% Notes.

    DBSI was founded in 1979 and headquartered in Meridian, Idaho. They sold various security investments including bonds and notes in real estate. Until their bankruptcy in November 2008, DBSI appeared to be a profitable company with a net worth in excess of $100 million. In April 2014 four of the senior executives were convicted of securities fraud and sentenced to prison for misrepresenting the income and net worth of the company.

    The Claim alleges that G.A. Repple & Co. did not conduct adequate independent due diligence before permitting its brokers to sell the DBSI 9% Notes, misrepresented . It also alleges that Respondents misrepresented the DBSI investment and breached their fiduciary duties to our client.

    Frank Reynolds has been a registered representative of G.A. Repple & Co. since 1996. His company Frank Reynolds and Company, markets itself as a "faith-based wealth management firm" and hosts a radio program "Treasure Hunters for God" on WMFJ 145AM, Port Orange, FL.

    Rex Securities Law provides nationwide representation to investors 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.

    Rex Securities Law

    561 391 1900

    Nov 14 6:02 PM | Link | Comment!
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