Last Updated: November 2023 (Springfield, MO)
Joseph Latour Investigation Summary
Here’s what you need to know about Springfield, MO, stockbroker Joe Latour:
- Name: Mr. Joseph Martin Latour
- Current Employer: Center Street Securities, Latour Asset Management (RIA)
- Previous Firms: Mutual of Omaha Investor Services
- Function: Stock Broker/ Financial Advisor/Registered Investment Advisor
- Aliases: Joe Latour
- Primary Location: Springfield, MO
- CRD 4436861
- Can Joe Latour be sued in FINRA arbitration: Yes
- Sanctioned by State Securities Regulator: Yes
- Highest Settlement or Award: $50,000
- Pending Customer Disputes Seek Damages of $170,000
Discuss your case with experienced investment fraud lawyer Bob Rex at (877) 224-3199 for a free consultation.
Did You Lose Money With Joseph Latour As Your Stockbroker?
Two customers of Center Street Securities have settled cases involving Joe Latour. In one the customer was paid $23,000 to resolve allegations that Latour recommended unsuitable alternative investments. In the other the customer alleged that Latour recommended an unsuitable investment in GWG Bonds and was paid $50,000 to settle the case.
There are two pending cases by customers of Center Street Securities alleging that Latour recommended unsuitable investments seeking a total of $170,000 in damages.
Allegations of Broker Misconduct Against Joseph Latour
Customers of Joe Latour have alleged the following wrongdoing in connection with the handling of customer accounts:
- Unsuitable Investment Recommendation to invest in GWG Bonds
- Unsuitable Investment Recommendation to invest in illiquid alternative investments
Alternative Investments: These are assets that are not stocks, bonds or cash. Alternative investments generally fall within five categories: hedge funds, private capital, natural resources (oil and gas, energy), real estate (REITs) and infrastructure. They are typically less liquid that conventional investments, less regulated with higher fees and generally higher risk.
The Financial Industry Regulatory Authority (FINRA) is the agency that licenses and regulates stockbrokers and brokerage firms. FINRA requires brokers and brokerage firms to report customer complaints and disputes as well as regulatory sanctions. In addition brokers are required to disclose certain financial matters such as personal bankruptcies, judgments and liens.
Recover Your Investment Losses Now With Rex Securities Law
If you have suffered investment losses in an account handled by Joe Latour, contact us for a complimentary consultation with an experienced securities lawyer to learn how you may be able to recover damages through FINRA arbitration.
With offices in Boca Raton, FL and Austin, TX, stockbroker fraud attorney Bob Rex provides representation to investors nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers, financial advisors and broker dealers.
If you have questions about how your account has been handled, call (877) 224-3199 to speak with an experienced securities attorney at no cost to you.
Most cases are handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.
