FINRA Arbitration Filed Against VSR Financial Over Alternative Investment Losses

NORFOLK, Neb. - April 14, 2016 - PRLog -- The White Law Group announces that it has filed a Financial Industry Regulatory Authority (FINRA) arbitration statement of claim against VSR Financial Services.  The claim seeks to recover alleged losses in excess of $1,000,000.

The claim, filed by The White Law Group, was submitted to FINRA Dispute Resolution on behalf of five investors alleging claims for violation of common law fraud, breach of fiduciary duty, negligence, and negligent supervision. The claim further alleges that VSR Financial unsuitably invested the clients in the following investments (among others):

Cole Collateralized Senior Notes IV Series D 8.25%
CNL Hotels & Resorts
CNL Senior Housing VI
Penneco Drilling Associates 2008
NetREIT
NNN 2001 Value Fund
NNN 2003 Value Fund
NNN T REIT
NNN G REIT
Mewbourne Energy Partners 08
Mewbourne Energy Partners 07
Mewbourne Energy Partners 06
Leaf Equipment Leasing Income Fund III
KBS REIT
Inland Western Retail REIT
Inland American REIT
ICON Leasing Fund XI
ICON Leasing Fund X
Cypress Equipment Fund XV
Cypress Equipment Fund XIII
Cypress Equipment Fund IX
Cypress Income Fund VI
Cypress Income Fund IV
Cypress Income Fund II
Bradford Drilling Associates XIX
Bradford Drilling Associates XXV
Bradford Drilling Associates XXIII
Black Diamond Energy Partners
Atlas Resources Public #17-2007
Atlas America Series 24 2003B
Behringer Harvard REIT I
Behringer Harvard Short Term Opportunity Fund 1

Before recommending an investment, a broker-dealer has a fiduciary duty to adequately disclose the risks involved in the investment and to perform the necessary due diligence to determine whether the investment is suitable for the investor.  It is alleged that VSR Financial failed to perform the necessary due diligence on these investments prior to recommending them to these particular investors.

The financial advisor that handled the accounts at issue is named Scott Kaup.  According to his FINRA Broker Report (CRD) it appears that Scott Kaup works for VSR Financial in Stuart, Nebraska.

When asked about the claim, The White Law Group's managing partner stated, "in terms of the high concentration of alternative investments, this claim is strikingly similar to a number of VSR claims that we have handled."

FINRA Dispute Resolution is an arbitration venue for investors with claims against their brokerage firm or financial professional.  It provides investors with an opportunity to attempt to recoup their investment losses and is an alternative to filing such claims in court.

For more information on the claim filed by The White Law Group, please contact the firm's Chicago office at 888-637-5510.

The White Law Group is a national securities fraud, securities arbitration, and investor protection law firm with offices in Chicago, Illinois and Vero Beach, Florida.

For more information on The White Law Group and its representation of investors in FINRA arbitration claims, visit http://www.whitesecuritieslaw.com.