Investors potentially experienced sales practice violations by securities broker Steve Howard Orr (also known as Steven Orr) [CRD: 1583467, Victoria, Texas], according to publicly available information on Financial Industry Regulatory Authority (FINRA) BrokerCheck. Orr worked for Grove Point Investments LLC from April 25, 2011, to May 1, 2025, and Grove Point Advisors LLC from April 1, 2021, to May 1, 2025, before registering with LPL Financial LLC on May 1, 2025. Continue reading to learn more about disclosures involving Orr’s conduct as reported in FINRA records.
Specifically, a Grove Point Investments LLC client filed FINRA Arbitration No. 23-03421 concerning Steve Orr. Mainly, the client alleged that Orr made unsuitable recommendations, overconcentrated accounts, breached his fiduciary duty, and was negligent. For this reason, the client allegedly experienced damages involving real estate investment trusts including NorthStar Healthcare Income REIT. Therefore, on November 12, 2024, Grove Point Investments LLC settled this matter by paying the client $237,500 in damages.
Evidently, a client of H. Beck Inc. contested Orr’s sales practices by filing FINRA Arbitration No. 23-00187. Allegedly, Orr made misrepresentations. It appears that Orr allegedly caused the client to incur damages linked to real estate investment trusts and business development companies. As a result, H. Beck Inc. opted to settle the matter on January 14, 2022, by compensating the client in the amount of $7,500.
Did you experience losses because of Steve Orr? Contact Soreide Law Group online or at (888) 760-6552 and talk to a securities attorney about a possible recovery of your investment losses. Soreide Law Group has recovered losses for investors throughout the country. Also, the firm works on a contingency fee basis and advances all costs. Orr and brokerage firms Orr worked for deny allegations of sales practice violations.
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