GREENWOOD VILLAGE, COLORADO
Have you lost money with financial advisor Robert E. Burns, formerly of VSR Financial Services and now with Cetera Advisor Networks in Greenwood Village, Colorado? We are looking into allegations made against Robert Burns. He had two customer complaints filed against him, one in 2018 and one in 2019. One complaint alleged that Burns made unsuitable recommendations to invest in alternative investments, including Penneco 10, Carter Validus, GMI, Cypress, KBS REIT, and Resource Real Estate. Penneco 10, Carter Validus, Cypress, KBS REIT, and Resource Real Estate are considered to be non-traded investments.
Robert Burns was a registered representative of VSR Financial Services from 2009 to November 2016. He has also been licensed with Summit Brokerage Services from September 2016 to September 2019 and with Cetera Advisor Networks from September 2019 to the present. He has worked at branch offices in Greenwood Village, Colorado.
Brokerage firms like VSR Financial Services, Summit Brokerage Services, and Cetera Advisor Networks 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; Phoenix, Colorado Seattle, Washington; and Ann Arbor, Michigan. We represent investors in FINRA arbitration proceedings in all 50 states, including investors in Colorado. Our attorneys have represented over one thousand investors against many brokerage firms in the past, including VSR Financial Services and Cetera.