Public records provided by the Financial Industry Regulatory Authority (FINRA) on March 7, 2016 state that Iowa-based VSR Financial Services broker/adviser William Elson is the subject of a customer complaint. The securities and investment fraud law firm Fitapelli Kurta is interested in hearing from investors who have complaints regarding Mr. Elson (CRD# 1808374).
William Elson has spent 27 years in the securities industry and has been registered with: VSR Financial Services in Des Moines, Iowa since 1989. He was previously registered with FSC Securities Corporation in Atlanta, Georgia (1988-1989). He is a registered broker and investment adviser in 25 US states and territories, including: Alabama, Arizona, Arkansas, Colorado, Connecticut, Louisiana, Massachusetts, Michigan, Minnesota, Nebraska, North Carolina, Virginia, Washington, and Wisconsin.
According to his BrokerCheck report, William Elson is the subject of one customer complaint.
In 2011 a customer alleged William Elson, while employed at VSR Financial Services, breached his fiduciary duty, made unsuitable investment recommendations, misrepresented material facts related to an investment, and acted negligently. The complaint settled for $140,000, to which Mr. Elson individually contributed $5,000.
According to FINRA Rules and federal securities law, brokers and investment adviser like Wilson Elson may recommend only investments that are suitable for their clients. Brokers must weigh such factors as the customer’s investment goals, experience, age, income, risk tolerance, and others. They may not misrepresent or omit material facts pertaining to an investment, as misrepresentations or omissions might lead a customer to invest unsuitably. Brokers who fail to recommend suitable investments may be subject to disciplinary action by FINRA or the Securities and Exchange Commission.
If you have complaints regarding William Elson, call the securities and investment fraud law firm Fitapelli Kurta at 877-238-4175 for a free consultation. You may be entitled to recoup your losses. All cases are taken on contingency: we only receive payment if and when you recover money. You may have a limited window to file your complaint, so we encourage you to avoid delay. Call 877-238-4175 now to speak to an attorney for free.