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Steven Voshall Involved in a Non-Traded REIT Dispute

Steven Voshall (CRD #: 2018694), a broker registered with Securities America, is the subject of an investor dispute. This disclosure appears on his BrokerCheck record, accessed on March 19, 2024. Details concerning this dispute are provided below. 

Investor Dispute

On December 28, 2023, an investor alleged that Steven Voshall made a poor recommendation in regard to the purchases of non-traded real estate investment trusts and direct investments. The dispute was denied by the firm, but investors should know that firms can deny disputes without any external review. 

What Are Non-Traded REITs?

Real estate investment trusts (REITs) allow investors to generate returns from a portfolio of real estate without having direct involvement with property management. However, REITs tend to be illiquid, which makes them unsuitable for many investors. Non-traded REITs are risky because they are not traded on the public exchange, making them difficult or impossible to sell. 

Background Information

Steven Voshall has passed the following exams: 

  • Series 63 Uniform Securities Agent State Law Examination 
  • Series 79TO Investment Banking Registered Representative Examination 
  • SIE – Securities Industry Essentials Examination 
  • Series 7 General Securities Representative Examination 
  • Series 6 Investment Company Products / Variable Contracts Representative Examination 

He is registered as a broker in seven stats and is a registered investment adviser in Georgia and Texas. 

During his 34 years of experience, he has registered with nine firms: 

  • Securities America (CRD #: 10205) 
  • Securities America Advisors (CRD #: 110518)
  • Investacorp (CRD #: 7684) 
  • ESI Financial Advisors (CRD #: 265) 
  • MML Investors Services (CRD #: 10409) 
  • PML Securities (CRD #: 4082) 
  • Pruco Securities Corporation (CRD #: 5685) 
  • The Prudential Insurance Company of America (CRD #: 680) 

Kurta Law Can Help 

If you have worked with Steven Voshall and have concerns about your investments, do not hesitate to contact us at 877-600-0098 or for a free consultation. 

For nearly 20 years, Kurta Law has advocated for investors to recover their investment losses from brokers and brokerage firms. Kurta Law is a nationally recognized law firm that exclusively represents investors against brokers and brokerage firms on a contingency basis. This means that the firm only earns a fee if our securities attorneys recover money on your behalf. Do not let securities fraud go unchecked. Start your recovery process today.