Publicly available records provided by the Financial Industry Regulatory Authority (FINRA) on April 25, 2016 indicate that Iowa-based VSR Financial Services broker/adviser Robert Kramer is the subject of a customer complaint. The securities and investment fraud law firm Fitapelli Kurta is interested in hearing from investors who have complaints regarding Mr. Kramer (CRD# 1715096).
Robert Kramer has spent 28 years in the securities industry and has been registered with VSR Financial Services in Ottumwa, Iowa since 2003. Previous registrations include Tower Square Securities in El Segundo, California (1999-2003); Allied Group Merchant Banking Corporation in King of Prussia, Pennsylvania (1990-1999); and Allied Group Securities Corporation (1987-1990). He is a registered broker and investment adviser in eight US states: California, Colorado, Florida, Illinois, Iowa, Missouri, Virginia, and Wisconsin.
According to his BrokerCheck report, Robert Kramer is the subject of one customer complaint pertaining to his conduct as an employee of VSR Financial Services.
In 2008, a customer alleged that Robert Kramer, while employed at VSR Financial Services, recommended that he surrender a non-qualified annuity, though both parties were “unaware of a previous rollover which resulted in a substantially higher surrender penalty and taxable gain on the surrender.” The complaint resulted in an award to the customer of $130,000, to which Mr. Kramer individually contributed $5,000.
If you or someone you know has lost money investing with Robert Kramer, call the securities and investment fraud law firm Fitapelli Kurta at 877-238-4175 for a free consultation. You may be eligible to recoup your losses. Fitapelli Kurta accepts all cases on a contingency basis; we only get paid if and when you collect money. Time to file your claim may be limited, so we encourage you to avoid delay. Call 877-238-4175 now to speak to an attorney for free.