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Securities arbitration and investment fraud law firm helping investors recover losses from broker misconduct, financial advisor negligence, and FINRA violations nationwide.
Data compiled from public sources
Iorio Law PLLC is a New York-based law firm founded by securities arbitration attorney August M. Iorio with a singular focus on representing investors harmed by financial misconduct. The firm operates as a national practice, assisting both individual and institutional investors across the United States in pursuing financial recovery through legal action.
The firm specializes in securities arbitration claims, investment fraud cases, and FINRA/SEC violation disputes. Services include representing investors against stockbroker misconduct, financial advisor negligence, and advisory firm wrongdoing. The firm also represents whistleblowers reporting credible information about securities law violations. They notably operate an investigation and recovery center focused on GWG L Bond investor losses.
Iorio Law PLLC distinguishes itself through a strict conflict-of-interest policy: the firm exclusively represents investors and never represents broker-dealers, advisory firms, or financial advisors. This ensures undivided loyalty to investor clients. The firm reports nearly 15 years of experience, successful recovery in over 700 cases, and approximately $100 million recovered for harmed investors. Client testimonials emphasize responsiveness, clear communication, and realistic case expectations. The founder is recognized as a nationally experienced securities arbitration attorney.
The firm's model depends entirely on investor claims against financial institutions and requires arbitration or litigation to recover losses. This is listed legal work, not consumer credit repair or personal finance management. The categorization as a legal services provider focused on investment fraud recovery distinguishes this from credit repair, debt relief, or lending services.
This is state-level context for Bankruptcy Services consumers in New York, NY. It does not confirm that Iorio Law PLLC or this specific location is licensed.
State regulator
New York Department of Financial Services
Consumer protection
Relevant law: New York Credit Services Business Act (N.Y. Gen. Bus. Law Article 28-BB, §§ 458-a through 458-k)
Registration: Required with New York Department of Financial Services
Upfront fees: Listed as prohibited in the current CreditDoc state summary
Source: CreditDoc state-law summary and listed public regulator resources. Verify licensing directly with the listed state regulator before relying on a provider.
Iorio Law PLLC offers 12 services including Securities arbitration representation for investors, Investment fraud claims and litigation, FINRA violation dispute representation, SEC rules violation cases, Stockbroker misconduct claims, and 7 more.
Iorio Law PLLC has profile signals associated with Individual investors who have suffered losses due to stockbroker misconduct or financial advisor negligence, Retail traders and institutional investors harmed by FINRA or SEC rule violations, Whistleblowers with credible information about securities fraud or investment scheme violations, Investors who have experienced losses from specific schemes like GWG L Bonds or similar structured investment products.
Key strengths: Nearly 15 years of securities arbitration experience with documented track record; Over 700 successful cases and approximately $100 million in total investor recoveries; Strict policy of representing only investors—never represents broker-dealers or advisors, ensuring aligned interests. Areas to consider: Requires eligible securities fraud or misconduct claim—not suitable for general credit or debt issues; Recovery depends on arbitration or litigation outcomes; no listed refund term of recovery.
In the Bankruptcy Services category, comparable providers include Better Credit, Caglar Law Firm PC, CLEAN SLATE BK GROUP P.C.. Each company has different strengths, so compare services, pricing, and consumer complaint records before deciding what to do next.
CreditDoc Profile Note
Iorio Law PLLC is exclusively for investors who have suffered documented losses from financial misconduct, fraud, or negligence by brokers and advisors—not for credit repair, debt management, or personal lending needs. The critical caveat is that this firm operates in listed securities law and arbitration; recovery is never guaranteed and depends on the strength of the underlying investment loss claim and arbitration/litigation outcomes.
FindLaw is a lawyer directory connecting consumers with bankruptcy and credit repair attorneys in Franklin Square, NY and surrounding areas.
Profile signals: Consumers in Franklin Square, NY seeking local bankruptcy attorney referrals with listed credentials, Individuals needing credit repair legal assistance who want to compare multiple attorneys before choosing
Law firm specializing in immigration, business formation, and corporate law with services including business startup, contracts, and organizational compliance.
Profile signals: Entrepreneurs and small business owners forming new entities and seeking legal structure guidance, Business owners engaged in acquisitions, mergers, or buy-sell transactions requiring legal documentation
Clean Slate BK Group P.C. is a bankruptcy filing service helping individuals discharge credit card and personal debt through Chapter 7 and Chapter 13 bankruptcies with affordable fees and expedited processing.
Profile signals: Individuals with significant credit card and personal debt seeking a fresh financial start through bankruptcy, First-time bankruptcy filers who need emotional support and clear guidance through an unfamiliar legal process
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A plain-English breakdown of every credit score range — what each number actually means for your loans, cards, and daily life, plus exactly what to do about yours.
Read guide →A plain-English breakdown of what credit products, loans, and cards you can realistically get at every credit score level — from deep subprime to excellent.
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Read guide →New to credit and lending? Here are the key terms used on this page, explained in plain language with real-number examples.
When you fail to repay a loan according to the agreed terms — usually after 90-180 days of missed payments. It's the point where the lender gives up on collecting normally.
Default triggers severe consequences: credit score drops 100+ points, the debt may be sent to collections, you could be sued, and your wages or assets could be seized.
Example
You miss 4 consecutive car payments. The lender declares your loan in default, repossesses your car, sells it at auction for $8,000, and you still owe the remaining $5,000 (called a deficiency balance).
A federal agency created in 2010 to protect consumers from unfair financial practices. They write rules, supervise financial companies, and handle consumer complaints.
The CFPB is your most powerful ally against high-cost lenders. Filing a complaint with them gets a response from the company within 15 days — companies take CFPB complaints seriously.
Example
A debt collector calls your workplace after you told them to stop. You file a CFPB complaint online. Within 15 days, the collection agency responds and agrees to stop. The CFPB tracks complaint patterns across all companies.
A federal law that limits what debt collectors can do. They can't call before 8am or after 9pm, can't harass you, can't lie, and are required to stop contacting you if you request in writing.
Knowing your FDCPA rights stops abusive collection tactics. If a collector violates the law, you may have a right to sue for up to $1,000 per violation plus attorney fees.
Example
A collector calls your workplace 3 times after you told them not to. That's 3 FDCPA violations. You hire a consumer attorney (free — they get paid by the collector). The collector settles for $3,000.
A court order that requires your employer to withhold part of your paycheck and send it directly to a creditor. Usually happens after a creditor sues you and has obtained a judgment.
Federal law limits garnishment to 25% of disposable income. Some states have lower limits. Student loans and taxes can be garnished without a court order.
Example
You owe $8,000 on a defaulted credit card. The bank sues, gets a judgment, and garnishes your wages. On a $3,000/month net paycheck, they take $750/month until the debt is paid.
A time limit (typically 3-6 years, varies by state) after which a creditor can no longer sue you to collect a debt. The debt still exists, but they lose the legal power to force payment.
Knowing your state's statute of limitations prevents you from being tricked into paying debts that are legally uncollectable. Beware: making a payment can restart the clock.
Example
You have a $3,000 credit card debt from 2019. Your state has a 4-year statute of limitations. In 2024, a collector calls demanding payment. The statute has expired — they cannot sue you.
A type of bankruptcy where you keep your assets but follow a court-approved 3-5 year repayment plan to pay back some or all of your debts. Stays on credit for 7 years.
Chapter 13 may be more relevant than Chapter 7 if you have a home or assets you want to keep. It can stop foreclosure and let you catch up on mortgage payments over 3-5 years.
Example
You're 3 months behind on your mortgage and have $30,000 in credit card debt. Chapter 13 stops foreclosure and puts you on a 5-year plan: you pay $600/month to catch up on the mortgage and pay 40% of the credit card debt.
A type of bankruptcy that wipes out most unsecured debts (credit cards, medical bills) by liquidating non-exempt assets. It stays on your credit for 10 years.
Chapter 7 gives you a fresh start but at a steep cost: 10 years on your credit, difficulty getting loans, and you may lose assets. Income is generally required to be below your state's median to qualify.
Example
You have $45,000 in credit card debt and earn $35,000/year. Chapter 7 erases the debt. You keep exempt property (basic car, household items). Your score drops to ~500 but you're debt-free.
When a creditor declares your debt a loss after 180 days of nonpayment and removes it from their books. But you still owe the money — they just stop expecting to collect it themselves.
A charge-off is one of the most damaging entries on your credit report and stays for 7 years. The debt is usually sold to a collection agency who will pursue you for it.
Example
You stop paying your $4,000 credit card. After 180 days, the bank charges it off and sells the debt to a collector for $800. The collector now contacts you demanding the full $4,000 (they profit from what they collect above $800).
When an unpaid debt is transferred or sold to a third-party collection agency that specializes in recovering the money. Collection accounts appear on your credit report for 7 years.
Even a $50 collection account can drop your score 50-100 points. Some newer FICO models (FICO 9) ignore paid collections, but many lenders still use older models.
Example
An old $200 gym bill goes to collections. It appears on all 3 credit reports and drops your 720 score to 640. Paying it helps with newer scoring models but under FICO 8 (still widely used), a paid collection still hurts.
Combining multiple debts into one single loan with one monthly payment, ideally at a lower interest rate. It simplifies repayment and can reduce total interest.
Consolidation is generally most useful when you get a lower rate than your existing debts. But it doesn't reduce what you owe — and extending the term can mean paying more total interest.
Example
You have: $5,000 at 22% (credit card), $3,000 at 18% (store card), $2,000 at 25% (payday loan). A $10,000 consolidation loan at 11% saves you ~$2,100 in interest over 3 years.
Negotiating with creditors to accept less than the full amount you owe — typically 40-60 cents on the dollar. Usually done after you've already fallen behind on payments.
Settlement can save thousands, but it severely damages your credit (settled accounts show for 7 years) and the IRS may tax the forgiven amount as income.
Example
You owe $15,000 on a credit card and negotiate a settlement of $7,500 (50%). You save $7,500 but: your credit drops 100+ points, the account shows 'settled' for 7 years, and you may owe taxes on the $7,500 forgiven.
The percentage of your monthly gross income that goes toward paying debts. Lenders use it to judge whether you can afford another loan payment.
Most lenders want DTI below 36% for personal loans and below 43% for mortgages. Above that, you're considered overextended and likely to be denied.
Example
You earn $5,000/month gross. Your debts: $1,200 mortgage + $300 car + $200 student loans = $1,700/month. DTI = 34%. A new $400/month loan would push you to 42% — risky for lenders.
A court ruling that says you legally owe a specific amount to a creditor. It gives the creditor power to garnish wages, freeze bank accounts, or place liens on your property.
Judgments are enforceable for 10-20 years (varies by state) and can be renewed. They give creditors far more collection power than a simple unpaid debt.
Example
A credit card company sues you for $8,000 and has obtained a judgment. They can now garnish 25% of your paycheck ($750/month on a $3,000 net salary) and freeze your bank account.
Want to learn more? Read our Financial Wellness Guides for in-depth explanations and practical advice.
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