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Meyer Wilson Investigating Claims Against Broker Steven Orr

The securities fraud attorneys at Meyer Wilson are currently investigating claims against broker and investment adviser Steven H. Orr (CRD# 1583467).

According to the Financial Industry Regulatory Authority (FINRA), H. Beck Inc. broker and investment adviser Steven Orr (CRD# 1583467) is the subject of two pending customer disputes, and previously settled two other disputes in 2013.

The first dispute was filed on September 22, 2014 and alleges that Orr misrepresented and made unsuitable investments related to the sale of mutual funds between November 11, 2012 and August 25, 2014. The customer is requesting $75,000 in damages.

The second dispute was filed on July 6, 2015 and alleges that Orr made unsuitable investments between January 1, 2008 and July 5, 2015. The customer is requesting $5 million in damages.

The two previously settled disputes alleged that Orr misrepresented and made unsuitable recommendations to invest in Direct Participation Programs (DPPs). $1.1 million were granted in total damages.

Orr has been registered with H. Beck Inc. based out of Houston and Victoria, TX since April of 2011. He was previously registered with:

  • Dewaay Financial Network, LLC based out of Victoria, TX
  • H. Beck Inc. based out of Victoria, TX
  • AAL Capital Management Corporation based out of Minneapolis, MN

Contact the investment fraud attorneys at Meyer Wilson today if you have lost money investing with H. Beck Inc. broker and investment adviser Steven Orr. We handle all cases on a contingency fee basis, so you only owe us money once we help you recover your losses. Fill out our online form for a free case consultation by one of our investment fraud lawyers.

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The information contained in The Firm’s posts on its blog, fraud alerts, investigations or elsewhere on the site is based upon information obtained from other sources including, but not limited to, news outlets and federal, state, and regulatory agency filings. All suspects and subjects of postings herein are presumed innocent until proven guilty in a court of law or administrative action and any and all crimes are alleged until a court or regulatory agency finds otherwise .

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