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Christina Orta Involved in Multiple Investor Allegations

Nov 15, 2021 General

Christina Orta (CRD #:3278327), a registered broker with Cambridge Investment Research, is involved in an investor dispute, according to her BrokerCheck record, accessed on October 27, 2021. She is also a registered investment advisor with Cooper Mcmanus as well as Lindsey and Lindsey. 

Keep reading for more details regarding the allegations.

Investor Allegations

On August 5, 2021, an investor filed a dispute against Christina Orta alleging unsuitability, violations of law, breach of fiduciary duty, violations of rules, negligence, misrepresentation, and breach of contract. The investor is requesting a settlement of $175,000.00. The dispute is still pending. 

Christina Orta's alleged conduct is unethical and violates FINRA Rule 2010, which states the brokers must uphold the highest standards of commercial honor. Unsuitable investment recommendations also violate FINRA Rule 2111.

FINRA Rule 2111

FINRA Rule 2111 defines “suitable” investments as securities that fit an investor's profile. An investor's profile includes information about their risk tolerance, financial goals, and age. 

  • Investments can be unsuitable because they are high risk and likely to lose money.
  • Securities may also be unsuitable because they are illiquid, meaning that they are intended to be held for an extended time, and investors may have to pay high fees to cash out.
  • Securities can be quantitatively unsuitable, which means that brokers executed an excessive number of trades.
  • These requirements apply to the overall investment strategy as well as the investments themselves. For instance, an investment strategy might be unsuitable if the securities are over-concentrated in a particular stock or sector.

Brokers are required to have a reasonable basis for recommending an investment according to FINRA Rule 2111. Investors who rely on their brokers for recommendations may be able to recover their losses through FINRA arbitration.

Christina Orta Background Information

Christina Orta has passed the following exams:

  • Series 63 - Uniform Securities Agent State Law Examination
  • SIE - Securities Industry Essentials Examination
  • Series 7 - General Securities Representative Examination
  • Series 24 - General Securities Principal Examination

Christina Orta is a registered broker in 25 states. She is a registered investment adviser in California and Texas. 

Besides Cambridge Investment Research and Cooper Mcmanus, she has worked with the following firms:  

  • Securities America (CRD#:10205)
  • Walton Securities (CRD#:143763)

Kurta Law Can Help

If you have worked with Christina Orta and have concerns about your investments, don't hesitate to contact us today at 877-600-0098 or info@kurtalawfirm.com for a free consultation.

For nearly 20 years, Kurta Law has advocated for investors to recover their investment losses from brokers and brokerage firms. Kurta Law is a nationally recognized law firm and exclusively represents investors against brokers and brokerage firms on a contingency basis. This means that the firm only earns a fee if our securities attorneys recover money on your behalf. Please contact us today if you would like us to evaluate your potential case.