John H. Towers agreed to a Financial Industry Regulatory Authority (FINRA) Acceptance, Waiver and Consent (AWC) action stemming from the sale of high risk alternative investments, including private placements and real estate investment trusts (REITs) while working as a registered principal and broker with VSR Financial Services, headquartered in Topeka, KS.
The regulatory action resulted in a three month suspension and a fine of $25,000.00. The full text of the action and may be found on the FINRA website under regulatory action No. 2012032353201. Our investigation has concluded that this is not the only instance involving Mr. Towers and the sale of high risk investments as evidenced by at least a dozen pending and similar complaints involving the sale of high risk alternative (REITs, Private Placements and Limited Partnership) investments to clients. The experienced securities fraud attorneys at Colling Gilbert Wright & Carter have recovered alternative investment losses on behalf of dozens of investors. We encourage you to contact our office for a free case evaluation if you have invested in alternative investments through John Towers, VSR Financial Services or another broker dealer.ntered the securities industry on June 19, 1970 as a General Securities
Repr-"-?-??ve ofa member ofFINRA. Towers, during all periods mentionedJohnee,,
was associated with member finn VSR Financial Services, Ina (?*VSR" or
the ?*Firm"), and was registered with FINRA under Article V ofthe By-IAws as a
General Securities Principal and General Securities R=in-.i,?ve. Towers
remains registered with VSR- Towers has not previously been the subject ofany
fomlal disciplinary action.