The White Law Group is investigating John H. Towers and VSR Financial in Plano, Texas. If you have suffered losses investing with Towers, the securities attorneys at The White Law Group may be able to help.
In December 2015, John T. Towers (CRD# 700221, Plano, Texas) was permanently barred from the securities industry by the Financial Industry Regulatory Authority.
According to his FINRA Broker Report, John Towers worked in VSR Financial's Plano, Texas office from June 2002 until December 2013. At that time, 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.
According to his FINRA BrokerCheck, John Towers has forty customer complaints since he's been registered in the industry. The most recent customer disputes include the following allegations:
-Unsuitable investment and use of consolidated statements.
-Unsuitable investments, use of consolidated statements, misrepresentation, fraud
-Unsuitable investments, common law fraud, breach of fiduciary duty and negligence.
For more information on The White Law Group's investigation of VSR Financial and John Towers, see
The White Law Group continues to investigate the liability that Tower's employers may have for losses sustained by Tower's clients. Brokerage firms are required to adequately supervise their agents to ensure they are complying with FINRA rules and they can held responsible for any losses in a FINRA arbitration claim if it is determined that they failed to properly supervise their agent.
If you suffered losses investing with John H. Towers and VSR Financial, the attorneys at The White Law Group may be able to help. Please call for a free consultation at (888) 637-5510.
The foregoing information, which is all publicly available on FINRA's website, is being provided by The White Law Group. The White Law Group is a national securities fraud, securities arbitration, and investor protection law firm with offices in Chicago, Illinois and Vero Beach, Florida.
Disclosure: I/we have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.