Broker Larry Russo Facing Investor Disputes Concerning Newport, Westpark Clients
Soreide Law Group talks about the FINRA BrokerCheck disclosures on securities broker Laurence Jordan Russo “Larry Russo” “Jordan Russo” (CRD#: 2763277, Fort Lauderdale, FL). It appears that Russo worked for Westpark Capital (2016 to 2019). Also, the broker worked for JP Turner Company (2002 to 2005) and National Securities Corporation (2001 to 2002). To learn more about the allegations against this securities broker, read the following summary.
Larry Russo’s Client Alleges Unsuitable Investments, Breach Of Fiduciary Duty At Westpark Capital, Newport Coast Securities
Specifically, a Westpark Capital client expressed concerns about Larry Russo’s sales practices, as BrokerCheck shows that the client lodged an investment dispute on November 13, 2019. Supposedly, Russo or the securities firm caused the client to experience damages by investing in common and preferred stock. Notably, the client’s allegations against the securities firm or broker include unsuitable trading, breach of fiduciary duty, and misrepresentation. Eventually, Westpark Capital opted to resolve this matter by paying the client $37,500 in damages, according to a settlement on December 17, 2020.
Russo Allegedly Negligent With Equities Trades At JP Turner Company
Evidently, a client of JP Turner Company contested Larry Russo’s sales practices by making an investment dispute. Mainly, the client contends that Russo’s actions caused damages on over-the-counter equities. Apparently, the securities firm or broker is accused of unsuitable trading and negligence. For this reason, JP Turner Company acquiesced to resolving this matter, with no admission of liability, by paying the client $105,000 in damages.
Did You Sustain Damages By Investing Through Russo?
You can contact Soreide Law Group at (888) 760-6552 to speak with a skilled securities lawyer about a possible recovery of your losses. Soreide Law Group represents clients on a contingency fee arrangement and advances all costs. Notably, the firm has recovered meaningful compensation for US investors who incurred losses from securities brokers or financial advisors. Please note that Russo denies all accusations of improper sales practices.