{"id":2757,"date":"2016-06-07T00:00:00","date_gmt":"2016-06-07T04:00:00","guid":{"rendered":"http:\/\/silverlaw.lawblogger.net\/blog\/vsr-financial-services-broker-dennis-van-patter-investigation-oil-gas-securities-recommendations\/"},"modified":"2016-06-07T00:00:00","modified_gmt":"2016-06-07T04:00:00","slug":"vsr-financial-services-broker-dennis-van-patter-investigation-oil-gas-securities-recommendations","status":"publish","type":"post","link":"https:\/\/www.silverlaw.com\/blog\/vsr-financial-services-broker-dennis-van-patter-investigation-oil-gas-securities-recommendations\/","title":{"rendered":"VSR Financial Services Broker Dennis Van Patter Under Investigation for Oil and Gas Securities Recommendations"},"content":{"rendered":"<\/p>\n

Silver Law Group is investigating VSR Financial Services (\u201cVSR\u201d) broker Dennis Van Patter (\u201cPatter\u201d) (CRD# 1364583)<\/a> for allegations that he unsuitably recommended oil and gas investments to his customers.<\/p>\n

According to Patter\u2019s Financial Industry Regulatory Authority<\/a> (\u201cFINRA\u201d) BrokerCheck report, Patter has nine misconduct disclosures on his record. Five of the complaints have settled, and one is a FINRA sanction that suspended Patter for 45 days.<\/p>\n

According to the report, FINRA sanctioned Patter after the broker recommended that a retired customer invest in alternative investments unsuitable in light of the customer\u2019s investment objectives and risk tolerance and heavily concentrated the customer\u2019s assets in said investments.\u00a0 Overall, Patter invested $1.6 million of the customer\u2019s money in various alternative investments, all of which were described as highly speculative or very risky, including notoriously volatile oil and gas drilling partnerships, non-traded real estate investment trusts (\u201cREITs\u201d) and private placements.<\/p>\n

Continue reading \u203a<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"

Silver Law Group is investigating VSR Financial Services (\u201cVSR\u201d) broker Dennis Van Patter (\u201cPatter\u201d) (CRD# 1364583) for allegations that he unsuitably recommended oil and gas investments to his customers. According to Patter\u2019s Financial Industry Regulatory Authority (\u201cFINRA\u201d) BrokerCheck report, Patter has nine misconduct disclosures on his record. Five of the complaints have settled, and one […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[601],"tags":[],"class_list":["post-2757","post","type-post","status-publish","format-standard","hentry","category-oil-gas-fraud"],"yoast_head":"\nVSR Financial Services Broker Dennis Van Patter Under Investigation for Oil and Gas Securities Recommendations — Securities Arbitration Lawyers Blog — June 7, 2016<\/title>\n<meta name=\"description\" content=\"If you invested in oil and gas securities with Dennis Van Patter, you may be entitled to recover some of your investment losses. 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