California Financial Advisor Christopher Orlando Investigated by Securities Lawyers Following Regulatory Action
Marina Del Ray, California (PRWEB) January 03, 2014 -- Christopher Orlando, a financial advisor formerly based in Marina Del Ray, California, is being investigated by the securities lawyers at the Peiffer Rosca law firm, together with San Francisco attorney Adam Wolf of The Wolf Legal firm, in connection with his sales of Diversified Lending Group notes to investors.
Christopher Orlando has recently been sanctioned and fined by the securities industry regulators for his sales of notes issued by Diversified Lending Group (DLG), a California fraudulent investment scheme organized by the late Bruce Friedman. FINRA Letter of Acceptance, Waiver and Consent No. 2009020528902, Christopher Ryan Reber Orlando, CRD # 2927859, October 7, 2013.
Orlando consented to the entry of an Order that suspended him for two years from the security industry and fined him $10,000, without admitting or denying the regulators’ findings.
The securities lawyers at the Peiffer Rosca law firm and attorney Adam Wolf currently represent DLG investors and are seeking compensation for their losses. They have filed claims in FINRA arbitration against a securities broker-dealer firm that employed Chris Orlando during the time he sold the DLG notes to investors, and had a duty to adequately supervise him. They are seeking compensation for the DLG investor losses from that broker-dealer firm, for its alleged supervisory failures.
"Securities broker-dealers have a duty to adequately supervise their licensed investment professionals and prevent them from victimizing the investing public," said attorney Alan Rosca. "We will continue to fight on behalf of victimized investors, and hold accountable those financial industry participants who fail in their supervisory duties," said attorney Joe Peiffer.
Orlando sold at least $7 million of DLG notes to investors and made over $200,000 in sales commissions, according to the financial industry regulators' disciplinary action against him.
DLG investors who invested through Christopher Orlando and intend to seek compensation for their losses are encouraged to promptly contact the securities lawyers at Peiffer Rosca or attorney Adam Wolf, or other legal counsel of their choice.
The Peiffer Rosca attorneys believe that some of the claims arising out of sales of DLG notes by Orlando may soon expire, if they have not already expired, due to potentially applicable statutes of limitations.
The Peiffer Rosca attorneys often represent victims of fraudulent investment schemes. They take most cases on behalf of victimized investors on a contingency fee basis, advancing case costs themselves and recovering their fees and costs only from amounts recovered on behalf of the investors.
DLG Investors may call attorneys Adam Wolf, Alan Rosca, or Joe Peiffer, toll free at 888-998-0520 for a free, no-obligation evaluation of their recovery options.
Joseph C. Peiffer, Peiffer Rosca Abdullah & Carr LLP, http://www.securitieslitigators.com, +1 888-998-0520, [email protected]
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