Orlando is located in Orange County, Florida and has a population of just under 2.5 million as of July 2015, the third-largest metropolitan area in Florida.
Orlando is also known as the “Theme Park Capital of the World,” featuring numerous high-profile theme parks such as Disney’s Magic Kingdom, Disney’s Epcot, Universal Studios, and Seaworld. In fact, the theme parks attracted over 66 million visitors to Orland in 2015 alone.
With a high population, though, comes a high amount of brokers and brokerage firms seeking to manage investors’ monies. As with any industry, brokerage firms and brokers sometimes commit misconduct.
Securities misconduct can come in numerous forms such as unsuitable recommendations, overconcentration, selling away, unauthorized trading, churning, misappropriation, and various other forms of securities misconduct.
A noteworthy brokerage firm that was based out of Orlando, Florida is IAA Financial, LLC (CRD# 6578). An InvestmentNews report notes that a majority of the brokers had previously worked at one or more defunct firms or FINRA-barred firms. IAA is now unregistered and some of the principals operate under International Assets Advisory, LLC (CRD# 10645), which is also based out of Orlando. Additionally, both broker-dealers are under common ownership.
With FINRA placing an emphasis on more closely monitoring recidivist brokers, that figure is concerning.
Additionally, with Florida’s high population of retirees and Orlando’s proximity to The Villages, Florida, a city largely composed of retirees and seniors, elder financial abuse and exploitation remains a concern.
FINRA arbitration is a fast, efficient way to recover your lost investment funds due to securities misconduct or broker negligence. Our attorneys are experienced handling cases and have represented aggrieved investors nationwide. We work on a contingency fee basis, meaning you pay us nothing unless we win and recover money for you.
If you are a resident of Orlando, Florida and have lost money due to broker and/or other securities misconduct, you may be able to recover some or all of your losses. Our lawyers are experienced in recovering investor losses due to broker and brokerage firm misconduct through FINRA arbitration.
Silver Law Group represents the interests of investors who have been the victims of investment fraud. If you have questions about your legal rights, please contact Scott Silver of the Silver Law Group for a free consultation at ssilver@silverlaw.com or toll free at (800) 975-4345.