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  • Attorneys David Meyer and Matthew Wilson have been selected to the list of Super Lawyers since 2011 and 2015 respectively.

  • Attorney David Meyer is a member of the Million Dollar Advocates Forum, an organization recognizing attorneys who have secured million dollar cases.

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  • Attorney David Meyer was selected as the 2015 Lawyer of the Year for Professional Malpractice Law – Plaintiffs for Columbus, OH by Best Lawyers®.

  • Meyer Wilson was ranked as a Tier 1 Best Law Firm for both Mass Tort Litigation / Class Actions – Plaintiffs and Professional Malpractice Law – Plaintiffs by U.S. News.

  • Attorney David Meyerhas been selected to the list of the Best Lawyers in America® for Mass Tort Litigation / Class Actions – Plaintiffs and Professional Malpractice Law – Plaintiffs every year since 2011.

VSR Financial Services

Based in Overland Park, Kansas, VSR Financial Services is a full-service securities broker-dealer offering asset allocation, bonds, mutual funds, IRAs, and financial, retirement, and estate planning services. Founded in 1985, VSR Financial Services is the second-largest broker-dealer in Kansas, with about 200 representatives in 30 states.

Under regulations created and enforced by the Financial Industry Regulatory Authority (FINRA), investors have certain rights that protect them from poor investment broker practices. One FINRA regulation requires investment companies like VSR Financial Services to oversee their representatives, which holds the company responsible for the actions of their licensed brokers. If a broker acts in a way that is not in the interest of investors that causes them loss or damages, the investor has the legal right to demand repayment from the broker’s license-provider.

A History of Negligent Behavior

$550,000 Fine for Failure to Supervise

In 2013, FINRA fined VSR over half a million dollars for not providing a proper system for overseeing brokers and holding them accountable. As a result, its brokers gave inappropriate recommendations to investors, costing them millions of dollars because of investments that exceeded the level of risk they limited their investments to.

$150,000 Fine for Poor Records

The State of Missouri required VSR to pay a fine in 2011 for bad maintenance of their record of transactions, making accountability difficult for investors and legal authorities.

Brokers Exceed Risk Tolerance for Investments

Broker Michael Shaw sold investors stock that exceeded their “risk tolerance,” essentially putting their money in a more aggressive context than they instructed. These unsuitable trades occurred as a result of VSR’s lack of oversight and enforcement of FINRA regulations.

Contact Our Experienced Investment Loss Attorneys

IF you have lost money due to the inappropriate or unethical behavior of a broker from VSR Financial Services, you have a right to hold them responsible for your losses. Regulatory authorities like FINRA may bring these companies to justice, but it is up to individual investors to seek reparations from the investment company. That’s why Meyer Wilson exists – to recover what rightfully belongs to victims of fraud. Our lawyers conduct claims in state and federal courts nationwide, as well as in arbitration with FINRA and the American Arbitration Association, or AAA. Our efforts allowed us to reclaim over $350 million on behalf of our clients.

You may have a case against VSR Financial Services. Let Meyer Wilson help you take back what is rightfully yours. Contact us today for a free evaluation.

Need More Information?

Investment misconduct can be complex and confusing. That’s why we’re here to help you. Visit our Common Questions page to find in depth answers directly from our attorneys. Get More Answers
Have You Been a Victim of Investment Fraud?

You trusted your financial advisor with your money, but now you're left wondering what went wrong. If you or a loved one suffered losses because of investment misconduct, Meyer Wilson can step in and fight to recover your losses. The team of investment fraud lawyers at the firm has been helping people like you since 1999 by winning judgments, settlements and verdicts worth hundreds of millions of dollars against brokerage firms, financial advisors and banks.

Get Help With Your Case Now

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