MAY 2017 UPDATE-Steven H. Orr discloses that FINRA case 15-1527 ,below, was settled in Oct 2016 for $280,000.
Original Post May 2016
The Financial Industry Regulatory Authority (FINRA) is the agency that licenses and regulates stockbrokers and brokerage firms. FINRA requires brokers and brokerage firms to report customer complaints and disputes as well as regulatory sanctions. In addition brokers are required to disclose certain financial matters such as personal bankruptcies, judgments and liens.
In FINRA Case 15-01527 , which is currently pending, a customer of H. Beck alleges damages of between $1million and $5 million for unsuitable investments , including direct investments and limited partnership interests, that were sold between 1/2008-7/2015. SETTLED SEE UPDATE ABOVE.
In FINRA Case 13-2205, a customer of H. Beck alleged damages of $1,000,000 for the sale of direct participation programs between 2004-2012. That case was resolved for $900,000.
In FINRA Case 13-0120, a customer of H. Beck alleged damages of $252,000 for the sale of direct participation investments, including equipment leasing and real estate programs. That case was settled for $200,000.
Orr has been registered with H. Beck, Inc. since 4/2011. He was previously registered with H. Beck from 12/1994-4/2009. From 4/2009-5/2011 he was registered with Dewaay Financial Network.
If you have losses in an account handled by Steven H. Orr, you may be able to recover damages through FINRA arbitration.
Rex Securities Law , with offices in Boca Raton, FL, and Austin, TX, provides representation to investors nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers and broker dealers. If you have questions about how your account has been handled, call to speak with an experienced securities attorney.
Most cases handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.
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