Steven E. Larson– False Statements and Material Omissions of Fact
Steven 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 Joe Peiffer 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 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 Joe Peiffer.
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 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 Wolf, Joe Peiffer or James Booker, for a free no-obligation evaluation of their recovery options, at 504-523-2434.