Diana Orea Allegedly Made an Unsuitable Recommendation for Managed Account

Diana Orea (CRD #: 4589803), a broker registered with Fidelity Brokerage Services, allegedly gave an unsuitable recommendation to a client, according to her BrokerCheck record, accessed on June 15, 2023. Investors may have also worked with her through Fidelity Personal and Workplace Advisors. Read on if you want to know more about her alleged conduct as a broker.

Investor Dispute

In a dispute filed on April 28, 2023, an investor alleged that Diana Orea made an unsuitable recommendation with regard to a managed account. This dispute was denied by the firm.

Investors should be aware, however, that firms don’t need to permit an external review before denying a dispute. Investors can still seek out FINRA arbitration and may be able to recoup their losses after a denial.

FINRA Rule 2111

FINRA Rule 2111 requires brokers to take investors’ profiles into account when recommending investments. These profiles describe an investor’s tax status, risk tolerance, and other characteristics.

Investors who feel their losses were caused by unsuitable investment recommendations may be able to recover their funds through FINRA arbitration.

Background Information

Diana Orea has passed the following exams:

Series 66 – Uniform Combined State Law Examination

• SIE – Securities Industry Essentials Examination
• Series 7 – General Securities Representative Examination

Diana Orea is a registered broker in 23 states as well as the District of Columbia and Puerto Rico. She is also a registered investment adviser in Florida and Texas.

She has also worked for the following firms:

• Valic Financial Advisors (CRD#:42803)
• MML Investors Services (CRD#:10409)
• Park Avenue Securities (CRD#:46173)
• Northwestern Mutual Investment Services (CRD#:2881)
• Continental Broker-Dealer Corporation (CRD#:14048)

Kurta Law Can Help

If you worked with Diana Orea and you have concerns about your investments, please contact us today at 877-600-0098 or info@kurtalawfirm.com for a free consultation.

For over 20 years, Kurta Law has advocated on behalf of investors who want 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.