Last Updated: November 2023 (Phoenix, AZ)
Chris Ordway Investigation Summary
Here’s what you need to know about Phoenix, AZ, stockbroker Chris Ordway:
- Name: Mr. Christopher Edward Ordway
- Current Employer: Not currently registered with FINRA
- DBA: STF Insurance Services, STF Wealth Management
- Previous Firms: Berthel Fisher & Company Financial Services, Cambridge Investment Research
- Function: Stock Broker/ Financial Advisor
- Aliases: Chris Ordway
- Primary Location: Phoenix, AZ
- CRD 4505062
- Can Chris Ordway be sued in FINRA arbitration: Yes
- Sanctioned by FINRA: No
- Terminated by a prior employer: Yes
- Discloses outstanding tax lien: Yes
- Pending Customer Dispute Seeks Damages of $170,000
Discuss your case with experienced investment fraud lawyer Bob Rex at (877) 224-3199 for a free consultation.
Did You Lose Money With Chris Ordway As Your Stockbroker?
In 10/2023 a customer of Berthel Fisher filed a FINRA arbitration alleging that Chris Ordway sold high-commission, risky, illiquid alternative investments that are unsuitable and that he failed to conduct adequate due diligence. Damages of $170,000 are sought in this currently pending matter.
Alternative Investments: These are assets that are not stocks, bonds or cash. Alternative investments generally fall within five categories: hedge funds, private capital, natural resources (oil and gas, energy), real estate (REITs) and infrastructure. They are typically less liquid that conventional investments, less regulated with higher fees and generally higher risk.
Allegations of Broker Misconduct Against Chris Ordway
Customers of Chris Ordway have alleged the following wrongdoing in connection with the handling of customer accounts:
- Unsuitable Investment Recommendation to invest in high commission, risky and illiquid alternative investments
- Failure to conduct adequate due diligence
In 2009 Chris Ordway was “permitted to resign” from Cambridge Investment Research for failure to comply with firm and industry rules regarding advertising. Ordway is the author of a book, Reveal the Rockefeller, which triggered the termination.
Ordway discloses that he has an outstanding lien in the amount of $122,640 in favor of the Internal Revenue Service filed in a court in Seattle, WA.
The Financial Industry Regulatory Authority (FINRA) is the agency that licenses and regulates stockbrokers and brokerage firms. FINRA requires brokers and brokerage firms to report customer complaints and disputes as well as regulatory sanctions. In addition brokers are required to disclose certain financial matters such as personal bankruptcies, judgments and liens.
Recover Your Investment Losses Now With Rex Securities Law
If you have suffered investment losses in an account handled by Chris Ordway, contact us for a complimentary consultation with an experienced securities lawyer to learn how you may be able to recover damages through FINRA arbitration.
With offices in Boca Raton, FL and Austin, TX, stockbroker fraud attorney Bob Rex provides representation to investors nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers, financial advisors and broker dealers.
If you have questions about how your account has been handled, call (877) 224-3199 to speak with an experienced securities attorney at no cost to you.
Most cases are handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.
