Former Arete Wealth Management, LLC broker Jeffrey Larson (CRD# 4836889) is accused of unsuitable investment recommendations related to alternative investments. He was registered with Arete Wealth Management, LLC in St. Louis, Missouri, from 2017 to 2023, when he was terminated regarding, “Firm determined that Registered Representative was not forthcoming during an internal investigation.” Prior to then, he was registered with Larson Financial Securities, LLC in St. Louis, Missouri, from 2010 to 2017.
Jeffrey Larson Customer Complaints
He has been the subject of two customer complaints between 2021 and 2024, according to his CRD report:
February 2024. “Clients allege unsuitable investment recommendation in March 2018.” The customer is seeking $200,000 in damages, and the case is currently pending. The complaint was regarding alternative investment losses.
May 2021. “Clients allege unsuitable investment recommendations.” The case was settled for $815,000. The complaint was regarding alternative investment losses.
Pursuant to FINRA Rules, member firms are responsible for supervising a broker’s activities during the time the broker is registered with the firm. Therefore, Arete Wealth Management, LLC may be liable for investment or other losses suffered by Jeffrey Larson’s customers.
Erez Law represents investors in the United States for claims against brokers and brokerage firms for wrongdoing. If you have experienced investment losses, please call us at 888-840-1571 or complete our contact form for a free consultation. Erez Law is a nationally recognized law firm representing individuals, trusts, corporations and institutions in claims against brokerage firms, banks and insurance companies on a contingency fee basis.
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