Steven E. Larson– False Statements and Material Omissions of Fact

Cleveland stockbroker fraud lawyerSteven E. Larson Allegedly Made a Series of False Statements and Material Omissions of Fact both to His Customers and to FINRA

Steven E. Larson, of Nisswa, Minnesota, allegedly made a series of false statements and material omissions of fact, both to his customers and to FINRA, according to a Complaint from FINRA’s Department of Enforcement currently under review by attorneys Alan Rosca and James Booker.

Steven E. Larson‘s alleged misrepresentations and omissions to customers concerned the present values and safety of “church bonds”, and approximately 30 of Larson’s customers allegedly held at least one church-bond position in their brokerage accounts, with holdings including bonds from 15 distinct issuers, the aforementioned Complaint notes.

The Peiffer Rosca Wolf securities lawyers are currently investigating Steven E. Larson’s alleged series of false statements and material omissions.

Steven E. Larson Allegedly Knew or Should Have Known that at Least Nine Issuers had Defaulted, Gone through Foreclosure or Restructuring, or Filed for Bankruptcy

Larson knew or should have known that at least nine of these issuers had defaulted, gone through foreclosure or restructuring, or filed for bankruptcy, according to the aforementioned Complaint being examined by attorneys Joe Peiffer and Alan Rosca.

One of the aforementioned issuers was Bethel Baptist Institutional Church, Inc, that had been in default since January 2010 on bonds held by some of Larson’s customers, the Complaint notes.

Other issuers allegedly involved were Windermere Baptist Conference Center which had been in default on its bond payments since early 2011, and Orlando Central Community, Inc. which had been in default since August 1, 2010 with 100% of the original principal amount, plus interest, outstanding, the Complaint further reports.

Securities Lawyers Investigating

The Peiffer Rosca Wolf securities lawyers often represent investors who lose money as a result of false statements and material omissions, and are currently investigating Steven E. Larson’s alleged false statements and material omissions. 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 Steven E. Larson’s alleged false statements and material omissions are encouraged to contact the securities lawyers at Peiffer Rosca Wolf, Alan Rosca or James Booker, for a free no-obligation evaluation of their recovery options, at 888-998-0520.

Alan Rosca (1123 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.