Christopher Orlando Fined, Suspended for Sales of Diversified Lending Group Notes
California investment professional Christopher Orlando has been suspended and fined by the securities industry regulators for his sales of notes issued by Diversified Lending Group, a California fraudulent investment scheme.
The securities lawyers at the Peiffer Wolf law firm have been in touch with Orlando investors and have been retained to seek compensation for Diversified Lending Group (DLG) 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 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 Jason Kane. “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 millions of dollars worth of Diversified Lending Group notes to investors, and made over $200,000 in sales commissions, according to the financial industry regulators’ disciplinary action against him.
Christopher Orlando had his securities license suspended for two years and agreed to pay a fine.
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 Wolf – or other legal counsel of their choice. Some of the investors may soon risk losing some of their claims forever (if this has not happened already) due to the running of potentially applicable statutes of limitations.
The Peiffer Wolf attorneys 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 Jason Kane or Joe Peiffer, at 585-310-5140 for a free, no-obligation evaluation of their recovery options.