Recovery of Investment Losses with John H. Towers
Have you suffered 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 by filing a FINRA Arbitration claim against the brokerage firm that sold you the investment.
John H. Towers (CRD# 700221, Plano, Texas) was permanently barred from acting as a broker or otherwise associating with firms that sell securities to the public by the Financial Industry Regulatory Authority in December 2015.
According to his FINRA Broker Report, John H. Towers worked in VSR Financial’s Plano, Texas office from June 2002 until December 2013. At that time, Towers was suspended from the securities industry by FINRA. He was allegedly recommending that a married couple invest in high-risk private placements and real estate investment trusts.
In addition, according to FINRA BrokerCheck, Towers has forty customer disputes since he’s been registered in the securities industry. The most recent customer disputes include the following allegations:
07/26/2016
Customer Dispute – PendingAllegations Unsuitable investment and use of consolidated statements. Damage Amount Requested $100,000.00 |
||
07/26/2016
Customer Dispute – Pending |
||
| Allegations
Unsuitable investments, use of consolidated statements, misrepresentation, fraud Damage Amount Requested $499,999.00 |
||
05/25/2016
Customer Dispute – Pending |
||
| Allegations
ALLEGED UNSUITABLE INVESTMENTS AND MISREPRESENTATION. ACTIVITIES DATED FROM 10/09/2009-12/08/2010. Damage Amount Requested $845,807.00 |
||
12/28/2015
Customer Dispute – Settled |
||
| Allegations
VSR received a draft statement of claim on 11/25/2015 which alleged unsuitable investments, common law fraud, breach of fiduciary duty and negligence. Alleged activity occurred from July 2002- June 2012. Damages Granted $74,500.00 |
||
11/25/2015
Customer Dispute – Settled |
||
| Allegations
VSR received a draft statement of claim on 11/25/2015 which alleged unsuitable investments, common law fraud, breach of fiduciary duty and negligence. Alleged activity occurred from May 2009-November 2012. Damages Granted $23,750.00 |
||
10/28/2015
Customer Dispute – Settled |
||
| Allegations
VSR received a draft statement of claim which alleged unsuitable investments, common law fraud, breach of fiduciary duty and negligence. Alleged activity occurred from September 2002- September 2012. Damages Granted $77,500.00 |
||
10/20/2015
Customer Dispute – Settled |
||
| Allegations
VSR received a draft statement of claim on 10/20/2015 which alleged unsuitable investments, common law fraud, breach of fiduciary duty and negligence. Alleged activity occurred from September 2004-May 2008. Damages Granted $180,000.00 |
||
10/06/2015
Customer Dispute – Settled |
||
| Allegations
VSR received a draft statement of claim on 10/06/2015 which alleged unsuitable investments, common law fraud, breach of fiduciary duty and negligence. Alleged activity occurred from July 2002-May 2010. Damages Granted $223,000.00 |
||
09/24/2015
Customer Dispute – Settled |
||
| Allegations
VSR received a draft statement of claim on 9/24/2015 which alleged unsuitable investments, common law fraud, breach of fiduciary duty and negligence. Alleged activity occurred from May 2007-November 2012. Damages Granted $64,000.00 |
||
09/18/2015
Customer Dispute – Settled |
||
| Allegations
VSR received a draft statement of claim on 9/18/2015 which alleged unsuitable investments, common law fraud, breach of fiduciary duty and negligence. Alleged activity occurred from January 2003-January 2009. Damages Granted $25,925.00 |
||
The White Law Group continues to investigate the liability that John H. 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.
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, LLC is a national securities fraud, securities arbitration, investor protection, and securities regulation/compliance law firm with offices in Chicago, Illinois and Franklin, Tennessee.
For more information on The White Law Group and it’s representation of investors, visit www.whitesecuritieslaw.com.
Tags: John H. Towers fraud, John H. Towers VSR Financial alternative investments, John H. Towers VSR Financial barred, John H. Towers VSR Financial class action, John H. Towers VSR Financial customer complaints, John H. Towers VSR Financial investigation, John H. Towers VSR Financial lawsuit, John H. Towers VSR Financial litigation, John H. Towers VSR Financial losses, John H. Towers VSR Financial news, John H. Towers VSR Financial recovery options, John H. Towers VSR Financial securities fraud, John H. Towers VSR Financial securities fraud attorney, John Towers finra claim, John Towers fraud, John Towers Losses, John Towers VSR Last modified: August 2, 2018
