Investigation of Dennis Van Patter
Have you suffered losses investing with VSR Financial Advisor Dennis Van Patter? If so, the securities attorneys of The White Law Group may be able to help you recover your losses in a FINRA arbitration claim against VSR Financial.
The White Law Group continues to investigate claims that Van Patter and VSR over-concentrated investors in high-risk direct participation programs like oil and gas limited partnerships, non-traded REITs, and private
Van Patter was recently suspended by FINRA and entered into a Letter of Acceptance Waiver and Consent (AWC) to resolve allegations that he violated numerous NASD and FINRA rules by recommending investments that were not suitable for his customer. According to his FINRA BrokerCheck, Van Patter has also been the subject of at least nine (9) customer complaints, each of which allege similar issues.
The White Law Group has represented a number of Texas investors in similar claims against VSR Financial. In those claims, the firm has generally alleged, among other things, that the investments were (1) high-risk and unsuitable for our clients given their financial situation, needs and investment objectives, (2) that the risks of the investments were not fully disclosed to them, and (3) that VSR failed to conduct the proper due diligence with respect to the investments (as the firm is required to do by FINRA
These claims have included investments in the following sponsors, among others: Reef Oil and Gas, Ridgewood Energy, Mewbourne Oil and Gas, Behringer Harvard, Arciterra REIT, Bradford Drilling, Cypress Equipment, FS Investment Corp, Odyssey Diversified, United Development Funding (or UDF), and Waveland
Recovery of Investment Losses
If you suffered losses investing with Dennis Van Patter or if your VSR portfolio is highly invested in direct participation programs like the ones listed above, please call the securities attorneys of The White Law Group for a free consultation at 888-637-5510.
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. The firm represents investors throughout the country in claims against their brokerage firm.
For more information on the firm, visit http://www.whitesecuritieslaw.com. For more information on the firm’s Dennis Van Patter investigation, visit http://www.whitesecuritieslaw.com/2016/02/02/investor-alert-dennis-van-patter-suspended-by-finra/.