Randall Larson, a broker registered with 25 Financial, has been fired by Arete Wealth Management, according to his BrokerCheck record accessed on December 18, 2023. Larson’s termination stems from allegations that he was not forthcoming during an internal investigation on October 11, 2023.
The termination comes in the wake of allegations made by an investor on March 19, 2019. The investor accused Larson of breaching his fiduciary duties as an advisor associated with Larson Financial Securities by failing to prevent the alleged activities of Jeffrey Larson. The investor sought $10.5 million, but the dispute was denied. It’s important for investors to note that firms can deny disputes without any external review.
Registered Investment Advisors are fiduciaries and, as such, are required to act in their clients’ best interests. Brokers, on the other hand, are not fiduciaries but must abide by FINRA Rule 2111 and Regulation Best Interest. This difference is crucial for investors to understand in order to make informed decisions about their financial advisors.
Randall Larson, with 12 years of experience, holds several qualifications and is registered in multiple states. Throughout his career, he has been associated with firms such as Great Point Capital, 25 Financial, Arete Wealth Advisors, Arete Wealth Management, Larson Financial Group, and Larson Financial Securities.
If you have worked with Randall Larson and have concerns about your investments, it is important to seek professional advice. Kurta Law, for instance, is a nationally recognized law firm that advocates for investors to recover their investment losses from brokers and brokerage firms. Their expertise allows them to represent investors against brokers and brokerage firms on a contingency basis, meaning they only earn a fee if they recover money on behalf of their clients.
A clear overview of Randall Larson’s termination and its implications for investors. It blends captivating storytelling with relevant financial analysis, showcasing the potential impact of financial violations on investors.
source https://financialadvisorcomplaints.com/financial-advisor-fired-for-breach-of-fiduciary-duty/