Randy Scott Larson, Broker with Arete Wealth Management, Named in Arbitration Claim

Larson is accused of recommending an investment in Zona Energy, Inc.

Randy Scott Larson (CRD: 6175826) is registered as a broker and investment adviser with Arete Wealth Management in Kirkwood, MO, where he has been employed since 2017. Larson was previously registered as a broker and financial adviser with Larson Financial Group. Goodman & Nekvasil, P.A., has filed an arbitration claim alleging that Larson recommended a Zona Energy, Inc., investment.  

Zona Energy, Inc. is a portfolio company, formed in early 2018, focused on a generational opportunity in the independent oil and gas industry primarily concerned with the acquisition, development, exploration, and exploitation of unconventional, onshore oil and natural gas reserves in the Permian Basin of West Texas. 

Investments in Zona Energy are high risk and not suitable for all investors. If your broker recommended investments in Zona Energy, we encourage you to contact us as soon as possible to determine if you are entitled to recovery.

Larson has one disclosure on his BrokerCheck report.

March 2019 Customer Dispute

• Status: Denied
• Allegations: In a complaint regarding Jeffrey Larson, the customer is alleging that Randall Larson breached his fiduciary duties as an attorney and as an advisor associated with Larson Financial Securities by failing to prevent the alleged activities of Jeffrey Larson. The dates surrounding this activity begin 02/23/2013 and end around 08/2017.
• Damage Amount Requested: $10,500,000.00
• Broker Comment: Randy Larson has nothing to do with this customer nor this meritless claim. He has never even met with nor spoken with or had any contact nor involvement with this customer in any capacity. Randy also had no knowledge of Jeffrey Larson’s financial advising relationship with this customer and so there was no opportunity to prevent any alleged activities the Customer is referencing. Randy had no duty to this Customer as Randy has never been in a supervisory capacity over Jeffrey Larson nor involved in his financial advising practice in any way at Larson Financial Securities. This Customer has seemingly made the assumption that Randy was involved because he has the same last name as the advisor and Company. This is a mistake and a meritless complaint against Randy.

Contact Us Today

The Sonn Law Group is currently investigating allegations surrounding Randy Scott Larson. We represent investors in claims against negligent brokers and brokerage firms. If you or your loved one experienced investment losses, we are here to help. For a free consultation, please call us now at 866-827-3202 or complete our contact form.