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John Orlando Facing Regulatory Action, Investor Dispute

John Orlando (CRD #:2002197), a broker registered with SW Financial, is involved in three investor disputes, according to his BrokerCheck record, accessed on December 30, 2022. 

On August 11, 2022, an investor alleged that John Orlando engaged in negligence and negligent misrepresentation. 

Regulatory Action 

On March 31, 2022, John Orlando consented to the findings that he churned an investor account, according to an Acceptance, Waiver, and Consent agreement (AWC). This excessive trading allegedly generated $650,000 in commissions and concessions for himself and his member firm, as well as $770,000 in additional costs paid to underwriters of the offerings. The customer suffered approximately $1,245,000 in losses.

John Orlando also allegedly inaccurately characterized 87 transactions in a customer’s account as unsolicited and provided inaccurate information regarding whether he had communicated with a client via text message. 

As part of the terms of the AWC, the investor consented to a $2,500 fine and a 10-day suspension. You can read a copy of the AWC here.

Investor Allegations 

On October 18, 2021, a dispute was filed against John Orlando alleging unauthorized trading, over-concentration, unsuitable investment recommendations, and breach of contract. The investor is seeking $1,200,000.  

John Orlando was involved in another dispute filed on July 28, 2020. According to the investor, he was negligent and breached his fiduciary duty after the client invested in Horizon Fund to access pre-IPO shares of Uber & Palintir in August 2016 & March 2017. The investor is seeking $$338,500; the dispute settled for $30,000. 

On June 8, 2020, an investor alleged that John Orlando allegedly recommended unsuitable investments, executed excessive trades, over-concentrated his accounts, and unsuitable use of margin. The investor sought $1,000,000 and the dispute settled for $1,050,000. 

Settled Dispute 

On August 12, 2016, a dispute was filed against John Orlando alleging over-concentration and making unsuitable recommendations between June 2012 and March 2015. The dispute settled for $85,001. 

Background Information 

John Orlando has passed the following exams: 

  • Series 63 – Uniform Securities Agent State Law Examination 
  • SIE – Securities Industry Essentials Examination 
  • Series 7 – General Securities Representative Examination 
  • Series 24 – General Securities Principal Examination 

He is a registered broker in 37 states. 

Besides SW Financial, John Orlando has also worked with the following firms:  

  • Joseph Gunnar & Co (CRD#:24795) 
  • Westpark Capital (CRD#:39914 
  • Newport Coast Securities (CRD#:16944) 
  • Sterne Agee Financial Services (CRD#:18456) 
  • Emmett A Larkin Company (CRD#:6625) 
  • Salomon Grey Financial Corporation (CRD#:43413) 
  • Barron Chase Securities (CRD#:18969) 
  • Rockefeller, Rothschild, & Steele (CRD#:1904) 
  • M. J. Whitman, L.P. (CRD#:27870) 
  • Daiwa Securities America (CRD#:1576) 
  • Nationsbanc-Crt Services (CRD#:24962) 
  • Thomas James Associates (CRD#:15609) 

Kurta Law Can Help 

If you have worked with John Orlando and have concerns about your investments, don’t hesitate to contact us today at 877-600-0098 or for a free consultation. 

For nearly 20 years, Kurta Law has advocated for investors 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.