Call Now For a Free Consultation:
(614) 532-4576
Nationwide Representation

VSR Financial Services

Consult with Our Legal Team
There is never a cost associated with a consultation
Brokerage Firms
For The Advocacy You Deserve Contact Us Today!
We’ll respond and let you know the best way to proceed with your case.

VSR Financial Services

Based in Overland Park, Kansas, VSR Financial Services is a full-service securities broker-dealer offering asset allocation, bonds, mutual funds, IRAs, and financial, retirement, and estate planning services. Founded in 1985, VSR Financial Services is the second-largest broker-dealer in Kansas, with about 200 representatives in 30 states.

Under regulations created and enforced by the Financial Industry Regulatory Authority (FINRA), investors have certain rights that protect them from poor investment broker practices. One FINRA regulation requires investment companies like VSR Financial Services to oversee their representatives, which holds the company responsible for the actions of their licensed brokers. If a broker acts in a way that is not in the interest of investors that causes them loss or damages, the investor has the legal right to demand repayment from the broker’s license-provider.

A History of Negligent Behavior

$550,000 Fine for Failure to Supervise

In 2013, FINRA fined VSR over half a million dollars for not providing a proper system for overseeing brokers and holding them accountable. As a result, its brokers gave inappropriate recommendations to investors, costing them millions of dollars because of investments that exceeded the level of risk they limited their investments to.

$150,000 Fine for Poor Records

The State of Missouri required VSR to pay a fine in 2011 for bad maintenance of their record of transactions, making accountability difficult for investors and legal authorities.

Brokers Exceed Risk Tolerance for Investments

Broker Michael Shaw sold investors stock that exceeded their “risk tolerance,” essentially putting their money in a more aggressive context than they instructed. These unsuitable trades occurred as a result of VSR’s lack of oversight and enforcement of FINRA regulations.

Contact Our Experienced Investment Loss Attorneys

IF you have lost money due to the inappropriate or unethical behavior of a broker from VSR Financial Services, you have a right to hold them responsible for your losses. Regulatory authorities like FINRA may bring these companies to justice, but it is up to individual investors to seek reparations from the investment company. That’s why Meyer Wilson exists – to recover what rightfully belongs to victims of fraud. Our lawyers conduct claims in state and federal courts nationwide, as well as in arbitration with FINRA and the American Arbitration Association, or AAA. Our efforts allowed us to reclaim over $350 million on behalf of our clients.

You may have a case against VSR Financial Services. Let Meyer Wilson help you take back what is rightfully yours. Contact us today for a free evaluation.

Atlanta Office

945 East Paces Ferry Road, Suite 2275
Atlanta, GA 30326
Columbus Office

305 W. Nationwide Blvd
Columbus, OH 43215
Meyer Wilson
New Orleans Office

900 Camp Street 
Suite 337
New Orleans, LA 70130
Los Angeles Office

2029 Century Park East,
Suite 400N
Los Angeles, CA 90067
Cleveland Office

4781 Richmond Rd.
Suite 400
Warrensville Heights, OH 44128
Bloomfield Hills Office

41000 Woodward Ave.,
Suite 350
Bloomfield Hills, MI 48304
Quick Links
The information contained in this Website is provided for informational purposes only, and should not be construed as legal advice on any subject matter. No recipients of content from this site, clients or otherwise, should act or refrain from acting on the basis of any content included in the site without seeking the appropriate legal or other professional advice on the particular facts and circumstances at issue from an attorney licensed in the recipient's state. Read More
The information contained in this Website is provided for informational purposes only, and should not be construed as legal advice on any subject matter.
Read More
crosschevron-down linkedin facebook pinterest youtube rss twitter instagram facebook-blank rss-blank linkedin-blank pinterest youtube twitter instagram