WARNING! Impending Investigation: STEVEN LARSON and OAKBRIDGE FINANCIAL SERVICES, INC.
Steven Larson and Oakbridge Financial Services, Inc.
Have you lost money with financial advisor Steven Larson of Nisswa, Minnesota? We are investigating allegations made by FINRA, the Financial Industry Regulatory Authority, against Steven E. Larson. FINRA filed a regulatory complaint against Larson, who is the President, Chief Executive Officer, Chief Compliance Officer, and part owner of Oakbridge Financial Services.
FINRA alleged that Steve Larson made material misrepresentations and omissions regarding a number of church bonds, including Bethel Baptist, Windermere, Metropolitan Baptist Church, Lifepointe Village, and Orlando Central. FINRA alleged that Larson represented that many of these church bonds held by his customers maintained their original purchase value, when in fact, many of them had defaulted, filed for bankruptcy, gone into forbearance, or were restructuring. These church bonds had lost significant value.
Steven Larson is a financial advisor and registered representative of Oakbridge Financial Services, Inc. from October 2011 to the present. He works at a branch office in Nisswa, Minnesota but is also registered with an office in St. Louis, Missouri.
Brokerage firms like Oakbridge Financial Services have a responsibility to adequately supervise all representatives who are registered through their firm. Brokerage firms also must take steps to ensure that their financial advisors follow all securities rules and regulations, as well as internal firm policies. When brokerage firms fail to adequately supervise their registered representatives, they may be liable for investment losses sustained by customers.
Israels & Neuman PLC is a securities and investment fraud law firm with offices in Denver, Colorado and the Seattle area. We represent investors in FINRA arbitration proceedings in all 50 states, including investors in Minnesota and Missouri. Our attorneys have represented over one thousand investors against many brokerage firms in the past, including LPL Financial, Merrill Lynch, Morgan Stanley, Smith Barney, Stifel Nicolaus & Company, UBS Financial Services, Oppenheimer, Charles Schwab, Wells Fargo Advisors, Ameriprise Financial Services, Raymond James, ProEquities, Securities America, National Securities Corp., and many others.
Click to view: Larson FINRA Comp
Click to view: Larson BrokerCheck 5.13.16
If you lost money with Steven Larson or Oakbridge Financial Services, please Contact Us at 720-599-3505 for a free evaluation of your case.