VINCE NELSON Resigns During ARETE WEALTH MANAGEMENT, LLC Investigation – Goodman & Nekvasil, P.A., May Recover Investor Losses
VINCE NELSON Resigns During ARETE WEALTH MANAGEMENT, LLC Investigation.
WALTER VINCENT NELSON
VINCE NELSON
CRD#: 2275929
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WALTER VINCENT NELSON (CRD#: 1517542), is a registered broker for CABIN SECURITIES, INC in OVERLAND PARK, KS. Prior to his employment with Cabin Securities, Inc. the broker was a registered representative of ARETE WEALTH MANAGEMENT, LLC. Nelson resigned from his employment with ARETE WEALTH MANAGEMENT, LLC during the broker dealers investigation. The firm was actively investigating the Representative for potential violations of securities rules and regulations and firm procedures, including but not limited to: advocating and potentially soliciting clients to obtain lines of credit to invest in securities and giving shifting explanations as to how many clients employed this strategy. While under investigation, the Representative quit five minutes before a scheduled mandatory compliance interview.
Broker Comment: I do not believe that I violated any securities rules or firm policies. Arete’s written procedures allows for use of leverage, specifically margin, under certain circumstances. A principal of Arete responsible for our supervision was aware of the strategies, and the did not place any limitations on them. At the time of my resignation, I was not aware that I was under internal review for potential rule violations. I do not recall in recent months being interviewed by anyone at Arete regarding the lines of credits, so i don’t know how i could have been giving “shifting explanations”. I believe the comment by Arete regarding the compliance meeting noted in section 4 is misleading. I did, in fact, attend the scheduled meeting.
VINCE NELSON Resigns During ARETE WEALTH MANAGEMENT, LLC Investigation.
Goodman & Nekvasil, P.A., is investigating brokers who may have unsuitably recommended investments to their clients.
St. Petersburg, Florida law firm Goodman & Nekvasil, P.A., has a national practice representing victimized investors. The firm continues to investigate brokerage firms that placed elderly retirees and other conservative investors in unsuitable investments.
Goodman & Nekvasil, P.A., has filed numerous cases against brokerage firms selling high-risk investments and has recovered more than $500 million dollars on behalf of victimized investors.
We allege in these cases that these investment recommendations were unsuitable for our clients in view of their financial situation, needs and investment objectives.
There is no charge for an evaluation of your case. We handle our cases on a contingency fee basis. This means that unless we recover money for you, we charge no attorney’s fee.
If you incurred losses on your investment and would like your case evaluated by a securities attorney, please contact us.
Some of the information in this blog post was obtained from FINRA on 5/23/25. If you believe this information was reported incorrectly, please contact our firm: 1-800-500-4442.