PAUL C. LARSEN (CRD# 1066833), formerly of VSR Financial Services, has had a long history of complaints with FINRA. He also has been sued many times for selling Tenant-in-Common (TIC) investments, non-traded REITs, and oil and gas investments.
Larsen was permanently barred by FINRA from acting as a broker or otherwise associating with firms that sell securities to the public in 2011. Allegedly, Larsen would not cooperate with a FINRA investigation into his activities regarding, CW Capital, Yokam Ranch and Camenisch Fann.
The last know location of Paul Larsen was Naples, Florida. Allegedly, Larsen is currently involved in selling insurance, real estate, and investment opportunities targeting Christians.
Many people trusted Larsen with their life savings, and now find themselves without their retirement accounts. Some of his former clients asked to not have their money placed in high-risk, illiquid investments, but were placed in high-risk investments such as TICs, REITs and oil and gas investments instead, causing them to lose their life savings. There have been reports listing possible victims' losses totaling over $6 million as a result of Paul Larsen's alleged actions.
According to FINRA's BrokerCheck, Paul Larsen was previously registered with the following securities firm(s):
Registered Dates Firm
06/2004 - 09/2010 VSR FINANCIAL SERVICES, INC. (CRD# 14503) - NAPLES, FL
05/2002 - 06/2004 PROEQUITIES, INC. (CRD# 15708) - BIRMINGHAM, AL
10/2001 - 06/2002 ROAN-MEYERS ASSOCIATES, LP (CRD# 34171) - NEW YORK, NY
08/1995 - 10/2001 FAS WEALTH MANAGEMENT SERVICES, INC. (CRD# 10164) - SARASOTA, FL
04/1993 - 08/1995 DEAN WITTER REYNOLDS INC. (CRD# 7556) - PURCHASE, NY
01/1989 - 12/1989 R.J. STEICHEN & COMPANY (CRD# 694)
03/1988 - 01/1989 R.J. STEICHEN & COMPANY (CRD# 694)
07/1986 - 03/1988 A. G. EDWARDS & SONS, INC. (CRD# 4)
09/1982 - 07/1986 IRI SECURITIES CORPORATION (CRD# 10004)
If you were a client of Paul Larsen, VSR Financial Services, or a similar situation, and lost your investment, please call Fort Lauderdale-based Soreide Law Group for a free consultation with an attorney at 888-760-6552. We represent clients nationwide before FINRA.
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