February 17, 2016- Plano, Texas
Rex Securities Law is investigating VFG Securities, a broker dealer headquartered in Culver City California, with offices in Plano, Texas, in connection with the sale of real estate investment trusts (REITs), direct participation programs (DPPs) and other alternative investments.
According to a recently filed regulatory complaint, FINRA alleges that VFG Securities failed to supervise its brokers properly, allowing them to over concentrate the portfolios of customers with risky and illiquid investments, including REITs and DPPs.
A book, The Wealth Code, authored by VFG’s president Jason B Vanclef is alleged to have been improperly used as a sales tool by VFG Securities. See this for more details.
According to VFG’s website they have several registered representatives in Plano, Texas, including the following:
John M. Brady-registered with VFG Securities since 11/2010.
Scot A. Clevenger-registered with VFG Securities from 2/2012-5/2013 and 5/2014-present.
Mark Trewitt-registered with VFG Securities since 11/2010. According to his FINRA record, in 9/2014 a customer complained that his $25,000 investment in KBR Barons Cove had been misappropriated . That matter was settled for $25,000.
If you have information you believe would be helpful to our investigation, please contact us. If you have losses in an account at VFG Securities, contact us to discuss how you may be able to recover damages.
Rex Securities Law , with offices in Boca Raton, FL, and Austin, TX, provides representation to investors nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers and broker dealers. If you have questions about how your account has been handled, call to speak with an experienced securities attorney.
Most cases handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.
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