John H. Towers and VSR Financial – Investigating Potential Claims
Are you concerned about your losses investing with John H. Towers and VSR Financial in Plano, Texas? If so, The White Law Group may be able to help you recover your losses through FINRA arbitration.
The White Law Group continues to investigate John H. Towers, former financial advisor from Plano, Texas. As we told you in July, Towers was permanently barred from the securities industry last December.
According to his FINRA Broker Report, Towers was registered with VSR Financial in Plano, Texas from June 2002 until December 2013. Around the same time, he 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.
Then in September 2015, Towers failed to respond to FINRA’s request for information in the case, and was automatically barred from the securities industry.
There are forty-four customer disputes against Towers since he has been registered in the securities industry, according to FINRA Broker Check. The most recent allegations include unsuitable and illiquid investments, improper recommendations in speculative and high risk sectors, misrepresentation and fraud.
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.
Free Consultation with a Securities Attorney
If you suffered losses investing with John H. Towers and VSR Financial, the attorneys at The White Law Group may be able to help. For a free consultation, please call (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.
For more information on The White Law Group please visit our website, www.whitesecuritieslaw.com.