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 […]

Soreide Law Group is currently investigating VSR Financial Services. In May, 2013, VSR Financial Services was sanctioned and fined $550,000 by FINRA for supervisory failures in connection with the sale of non-conventional or alternative investments. The following is a list of various alternative or non-conventional investments suggested to our clients as recommendations of VSR or […]

The Financial Industry Regulatory Authority (“FINRA”), May 15,2013, censured and fined VSR Financial Services, $550,000 over allegations that it failed to supervise its sales of alternative investments to its customers, specifically as it related to concentration in hedge funds, notes, REITs and private placements investments. Donald Beary, VSR’s President, received a 45-day suspension and $10,000 […]

FINRA continues to crack down on sales of alternative investments. Earlier this week, FINRA, the Financial Industry Regulatory Authority Inc. fined VSR Financial Services Inc., a midsize broker-dealer known for selling alternative investments, $550,000, and imposed a $10,000 fine and 45-day suspension of VSR's chairman, Don Beary. FINRA alleged that from 2005 to 2010, VSR […]