Last Updated: April 2025 (St. Louis, MO)
Randy Larson Investigation Summary
Here’s what you need to know about St. Louis, MO, stockbroker Randy Larson:
- Name: Mr. Randall Scott Larson
- Current Employer: 25 Financial (RIA), Not currently registered with any FINRA broker-dealer
- Previous Firms: Great Point Capital, Arete Wealth Advisors, Arete Wealth Management (RIA), Larson Financial Securities, Larson Financial Group (RIA)
- Function: Stock Broker/ Financial Advisor/ Registered Financial Advisor
- DBA: Randall Larson LLC Insurance Service and Sales,
- Aliases: Randy Larson
- Primary Location: St. Louis, MO
- CRD 5862743
- Can Randy Larson be sued in FINRA arbitration: Yes
- Pending Regulatory Investigation: Yes
- Discharged by a prior broker-dealer: Yes
- Prior Customer Complaint Denied by Firm: Yes
Discuss your case with experienced investment fraud lawyer Bob Rex at (877) 224-3199 for a free consultation.
Did You Lose Money With Randy Larson As Your Stockbroker?
SEC Civil Suit over Sales of Zona Energy Stock to Customers of Arete Wealth -In 1/2025 the United States Securities and Exchange Commission filed a civil action against Randy Larson and his former employer Arete Wealth Management, Arete Wealth Advisors, as well as his brother Jeffrey Scott Larson, and Joey Dale Miller and UnBo (Bob) Chung. The complaint focuses on the sale of stock in Zona Energy which was promoted to dozens of customers of Arete. The complaint alleges that the sale was done without approval from Arete (“selling away”) and that obtained liability waivers from their advisory clients, to whom they owed a fiduciary duty, which they knew contained material misrepresentations and omissions. The SEC seeks injunctive relief as well as civil and administrative penalties. Case 1:25-cv-00616 filed in U.S. District Court for the Northern District of Illinois-Eastern Division.
In 4/2024 a customer of Arete Wealth Management filed a FINRA arbitration alleging that Randy Larson made an unsuitable recommendation to invest in an alternative investment and is seeking damages of $150,000.
See this for more information on REITs and Other 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. For more investigations involving Alternative Investments, see this.
In 10/2023 Arete Wealth Management discharged Randy Larson and made the following allegation on his FINRA record: “Firm determined that Registered Representative was not forthcoming during an internal investigation.”
In 2019 a customer of Larson Financial Securities made a complaint that Randy Larson breached his fiduciary duties with regard to supervising the activities of Jeffrey Larson, another registered representative of Larson Financial Securities. The customer alleged damages of $10.5 million. Larson Financial Securities “denied” the claim and apparently the customer did not pursue the matter further. See below for our advice should a broker dealer deny a customer complaint.
Has Your Brokerage Firm “Denied” Your Claim for Damages Due to Stockbroker Malpractice?
It is quite common ( and predictable as well) for brokerage firms to deny a customer’s complaint made directly to the company. Firms know that in many, if not most, instances telling the customer “we don’t think it’s our fault” will be the end to the problem.
Firms seldom, if ever, offer adequate resolution when a customer deals directly with the the brokerage firm. In the unlikely event the firm does discuss actually agree to discuss settlement , the firm will generally attempt to have you settle your case for a fraction of what it is actually worth.
If you think there is a problem with the way your account has been handled, or if you have had your claim “denied”, talk to an experienced securities attorney to learn your rights and to learn what the true value of your claim may be.
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
Investigations of Arete Wealth Management and Arete Wealth Brokers
If you have suffered investment losses in an account handled by Randy Larson, 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.