Dennis P. Van Patter—Unsuitable Investment Recommendations

investors rights attorneysDennis P. Van Patter Allegedly Made Unsuitable Investment Recommendations, Proposing a Retired Commercial Pilot Sink $1,614,000 in Alternative Investments such as REITs, Note Programs and Oil and Gas Drilling Partnerships

Dennis P. Van Patter allegedly made unsuitable recommendations for a customer, known only as DT, a retired commercial pilot, suggesting he invest $1,614,000 in alternative investments, such as REITS, note programs, oil and gas drilling partnerships, and other private placements, all of which are securities, according to a recent Letter of Acceptance, Waiver and Consent (AWC) currently under review by attorneys Joe Peiffer and Alan Rosca.

Van Patter allegedly offered investments recommended by Van Patter were all described in the offering documents as being “speculative,” “highly speculative,” “highly risky,” and/or involving a “high degree of risk”, the AWC notes.

The Peiffer Rosca Wolf securities lawyers are currently investigating Dennis P. Van Patter’s alleged unsuitable investment recommendations, and are preparing to assist investors.

Dennis P. Van Patter Suspended and Fined $10K for Allegedly Making Unsuitable Recommendations

Dennis P. Van Patter received notice from DT that his client was allegedly uncomfortable with the volatility of the stock market and preferred to invest in an alternative to the stock market, according to a recent Letter of Acceptance, Waiver and Consent (AWC) currently under review by attorneys Joe Peiffer and Alan Rosca.

Van Patter, rather than recommend investments consistent with DT’s limited risk tolerance, allegedly recommended concentrated positions in high risk alternative investments, and by July 1, 2010, as a result of Van Patter‘s recommendations, DT had approximately 52% of his liquid net worth concentrated in high risk alternative investments, the AWC notes.

Van Patter‘s recommendation that DT invest in the aforementioned alternative investments was not suitable for DT in light of DT’s ranked Primary Investment Objectives and Risk Tolerances, the AWC reports.  One should also note that, according to the AWC, Dennis P. Van Patter neither admitted nor denied the FINRA findings

Securities Lawyers Investigating

The Peiffer Rosca Wolf securities lawyers often represent investors who lose money as a result of alleged unsuitable investments. They are currently investigating Dennis P. Van Patter’s alleged Ponzi scheme, and are preparing to assist investors. They take most cases of this type on a contingency fee basis and advance the case costs, and only get paid for their fees and costs out of money they recover for their clients.

Investors who believe they lost money as a result of Dennis P. Van Patter’s alleged unsuitable recommendations may contact the securities lawyers at Peiffer Rosca Wolf, Alan Rosca or Joe Peiffer, for a free no-obligation evaluation of their recovery options, at 888-998-0520.

Alan Rosca (1206 Posts)

Alan is a securities lawyer. He also teaches Securities Regulation at the Cleveland-Marshall College of Law. He focuses his legal practice on complex commercial and financial litigation and arbitration, particularly in the areas of securities and investment fraud. His office is in Cleveland, Ohio.


In our legal system, every person is innocent until and unless found guilty by a court of law or a tribunal. Whenever we reference “allegations” or charges that are “alleged,” such allegations or charges have not been proven, and are merely accusations, not findings of fault, as of the date of the blog. We do not have, nor do we undertake, a duty to continue to monitor or follow cases about which we report, and/or to publish subsequent blogs regarding various developments that may occur in such cases. Readers are encouraged to conduct their own research regarding any such cases and any developments that may or may not have occurred in such cases.