Publicly available records provided by the Financial Industry Regulatory Authority (FINRA) on November 29, 2016 indicate that former Missouri-based Oakbridge Financial Services broker Steven Larson has been named in two pending regulatory complaints and is currently not affiliated with any broker-dealer firm. The securities and investment fraud law firm Fitapelli Kurta is interested in hearing from investors who have complaints regarding Mr. Larson (CRD# 2422755).
Steven Larson has spent twenty-two years in the securities industry and was most recently registered with Oakbridge Financial Services, which has been expelled by FINRA, in St. Louis, Missouri (2011-2016). Previous registrations include Gardner Financial Services in Minneapolis, Minnesota (2006-2011); Moloney Securities in Minneapolis, Minnesota (2000-2006); and Edward Jones in St. Louis, Missouri (1994-2000). He is currently not registered with any state or firm.
According to his BrokerCheck report, Steven Larson is the subject of two pending regulatory complaints and was discharged from Oakbridge Financial Services.
In May 2016 Steven Larson was named respondent in a FINRA complaint alleging he “made numerous misstatements or omissions of material facts concerning the present values and safety of church bonds… issued by religious organizations to construct or develop real property, and which are secured by first mortgages on the real property to be constructed or developed.” FINRA further alleges that Mr. Larson “knowingly and willfully withheld documents and information from FINRA in connection with its investigation into the outside business activities of a former registered representative of Larson’s member firm, and the former registered representative’s termination from the firm,” and “signed and backdated several documents, which he then supplied and represented as genuine to the president of the firm.” The action remains pending.
In May 2016 Steven Larson was named respondent in a complaint by the State of Missouri alleging he participated in “Multiple violations of: Failure to supervise (Beyer/Heroic); Materially Aiding Fraud and/or Engaging in a fraud or deceit in connection supervisory policies in place (OBS’s); Dishonest and unethical practices regarding unsuitable sales of reverse convertible products; Failure to timely update Uniform Application Information regarding ownership of Oakbridge and PLMM; Making or causing to be made false or misleading statements; Filing an application for registration that was incomplete or contained a statement that was false or misleading; Willful failure to comply with the Missouri Securities Act; Making an Untrue statement, or engaging in an act that would operate as a fraud/deceit in connection with the offer, sale or purchase of a security regarding the creation of Church Bond Market Values and corresponding statements; Dishonest and unethical practice regarding the creation of church bond market values/statements.” The action remains pending.
In May 2016 Steven Larson was discharged from his position at Oakbridge Financial Services after he was named in a cease-and-desist order and a regulatory investigation.
If you or someone you know has a complaint regarding Steven Larson, call the securities and investment fraud law firm Fitapelli Kurta at 877-238-4175 for a free consultation. You may be eligible to recoup lost funds. Fitapelli Kurta accepts every case on a contingency basis: we only get paid if and when you collect money. Time to file your claim may be limited by law, so we recommend you avoid delay. Call 877-238-4175 now to speak to an attorney for free.