SEC Suspends Joseph Orlando for Alleged Unregistered Broker Activity

Joseph Orlando (CRD #: 2882204), a broker formerly registered with First Standard Financial Company, is the subject of an SEC regulatory action, according to his BrokerCheck record, accessed on February 28, 2025. Read on if you want to know more about his alleged conduct as a broker.

SEC Suspension

On January 14, 2025, the SEC filed cease-and-desist proceedings against Joseph Orlando, alleging that he acted as an unregistered broker when soliciting investors on behalf of StraightPath Venture Partners.

From at least June 2019 to March 2020, Joseph Orlando allegedly solicited investments in privately-offered membership interests in limited liability companies (“StraightPath Funds”) that allegedly owned shares in private companies that were speculated to issue an initial public offering (IPO) in the future.

Joseph Orlando allegedly solicited at least $1.1 million investments from at least 19 investors, and allegedly received more than $67,000 in compensation in connection with these transactions.

The SEC alleged that Joseph Orlando violated Section 15(a) of the Securities Exchange Act of 1934 by operating as an unregistered broker.

Securities Exchange Act of 1934

Section 15(a) of the Securities Exchange Act of 1934 prohibits unregistered brokers and dealers from engaging in or inducing the purchase or sale of securities.

Sanctions

The SEC ordered Joseph Orlando to cease and desist from future violations of Section 15(a) of the Securities Exchange Act of 1934. 

The SEC imposed the following monetary sanctions:

• $20,000 fine
• Disgorgement of $67,259.60 
• Additional monetary sanction of $15,995.95 

The SEC also suspended him from participating in penny stock offerings and from associating with the following:

• Brokers
• Dealers
• Investment advisers
• Municipal securities dealers
• Municipal advisors
• Transfer agents
• Nationally recognized statistical ratings organizations (NRSROs)

These bars took effect on January 27, 2025, and will end on July 26, 2025.

The SEC also ordered Joseph Orlando to comply with an unspecified undertaking.

Background Information

Joseph Orlando has passed the following exams:

• Securities Industry Essentials Examination – SIE
• General Securities Representative Examination – Series 7
• Uniform Investment Adviser Law Examination – Series 65
• Uniform Securities Agent State Law Examination – Series 63

He previously worked for the following firms:

• First Standard Financial Company (CRD#:168340)
• Newbridge Securities Corporation (CRD#:104065)
• GunnAllen Financial (CRD#:17609)
• Joseph Stevens & Company (CRD#:35459)
• Bryn Mawr Investment Group (CRD#:20892)

Kurta Law Can Help

If you worked with Joseph Orlando and you have concerns about your investments, please contact us today at 877-600-0098 or info@kurtalawfirm.com for a free consultation.

For over 20 years, Kurta Law has advocated on behalf of investors who want to recover their investment losses from brokers and brokerage firms. Kurta Law is a nationally recognized law firm that 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.