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November 27, 2015 4:39 PM ET

Capital Markets

Company Overview of VSR Financial Services, Inc.

Company Overview

VSR Financial Services, Inc. operates as a securities broker/dealer in Kansas. It offers asset allocation, bonds, mutual funds, money markets—advantage account, and IRAs; research and marketing information, including market commentary, economic market commentary, and daily market reports; and financial, retirement, estate, and college planning services. VSR Financial Services, Inc. was founded in 1985 and is based in Overland Park, Kansas with operations in North America. As of March 11, 2015, VSR Financial Services, Inc. operates as a subsidiary of Cetera Financial Group, Inc.

8620 West 110th Street

Suite 200

Overland Park, KS 66210

United States

Founded in 1985





Key Executives for VSR Financial Services, Inc.

Co-Founder and Chief Executive Officer
Co-President and Director
Co-President and Director
Co-Founder and Chairman
Interim Chief Compliance Officer
Age: 61
Compensation as of Fiscal Year 2015.

VSR Financial Services, Inc. Key Developments

Klayman & Toskes Files $3.26 Million Arbitration Claim against VSR Financial Services, Inc

The Securities Arbitration Law Firm of Klayman & Toskes, P.A. announced that it filed a claim against VSR Financial Services on behalf of former customers of former VSR Advisor Gregory Ellis. The claim was filed with the Financial Industry Regulatory Authority and seeks damages of $3.26 million. The case filed against VSR is about the unsuitable investment recommendations and misrepresentations made by VSR and its financial advisor, Gregory Ellis, to the Claimants. Specifically, the Claimants alleged that Ellis and VSR solicited the Claimants to invest in alternative investments that were illiquid and carried high commissions. Ellis misrepresented the risk of the investments and over-concentrated the Claimants' VSR portfolio in these highly speculative investments. Unbeknownst to the Claimants, Ellis and VSR failed to do their proper due diligence and misrepresented the risk of the investments.

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