Orley Jose Pacheco (CRD #5663838) Has a Customer Dispute Disclosure on FINRA BrokerCheck

Orley Jose Pacheco (CRD #5663838) was previously registered as a broker. We reviewed his BrokerCheck report on April 11, 2026. It reflects one customer dispute. If you invested with Orley Jose Pacheco and have concerns, keep reading.

BrokerCheck link: BrokerCheck

BrokerCheck report: BrokerCheck Report (PDF)

Investor Disputes / Customer Complaints

Orley Jose Pacheco’s FINRA BrokerCheck report reflects one customer dispute disclosure. A summary of the dispute is below:

On February 2, 2026, a customer allegedly complained that Orley Jose Pacheco did not fully explain the impact of upfront sales charges in a recommended mutual fund purchase. Orley Jose Pacheco FINRA BrokerCheck lists the product as a mutual fund and states the complaint covered January 29, 2026 through February 2, 2026. The matter settled on February 20, 2026 for $15,689.77. Orley Jose Pacheco FINRA BrokerCheck also states the complaint was oral and that the individual contribution amount was $0.00.

Rule Summary #1: FINRA Rule 2341 (Investment Company Securities)

FINRA Rule 2341 governs sales practices tied to investment company securities, including mutual funds. Disputes about upfront sales charges can raise questions about whether those charges were explained clearly and applied properly.

Rule Summary #2: FINRA Rule 2111 (Suitability)

FINRA Rule 2111 requires a reasonable basis for each recommendation. A mutual fund recommendation should fit the customer’s investment profile, including liquidity needs, time horizon, and risk tolerance.

Why This Matters to Investors (Regulation Best Interest)

Regulation Best Interest (Reg BI) is a U.S. securities regulation. It strengthens the standard of conduct that broker-dealers owe to retail investors. It applies when they recommend securities transactions or investment strategies. The U.S. Securities and Exchange Commission adopted Reg BI. It became effective on June 30, 2020. Reg BI aims to protect investors while preserving access to brokerage products and services.

Reg BI requires broker-dealers and financial advisors to act in a retail customer’s best interest at the time of a recommendation. They must not place their own financial or other interests ahead of the customer’s. This standard is higher than the older “suitability” rule. Suitability meant a recommendation only had to be appropriate. It did not have to be the best option or free of conflicts.

Reg BI has four key obligations:

Disclosure Obligation – Broker-dealers must disclose material facts about the relationship and the recommendation. This includes fees, the scope of services, and conflicts of interest.

Care Obligation – Broker-dealers must use reasonable diligence, care, and skill. They must consider costs, risks, and alternatives when making a recommendation.

Conflict of Interest Obligation – Firms must identify conflicts of interest. They must disclose them and mitigate or eliminate them. This includes conflicts that create incentives to favor one product over another.

Compliance Obligation – Firms must maintain policies and procedures. Those policies should be designed to ensure compliance with Reg BI as a whole.

Reg BI applies to each recommendation. It is not a continuous duty like the fiduciary standard for registered investment advisers. Even so, it narrows the gap. It puts more focus on costs, conflicts, and investor-focused decision-making.

Overall, Regulation Best Interest promotes transparency. It also aims to improve the quality of investment recommendations. It is designed to reinforce trust between retail investors and broker-dealers in the U.S. securities markets.

Background Information (from BrokerCheck)

Based on his FINRA BrokerCheck report, Orley Jose Pacheco:

Is not currently registered.

Has passed the Securities Industry Essentials (SIE) exam. Orley Jose Pacheco has passed Series 7TO. He has also passed Series 65 and Series 63.

Was previously registered with firms that include Wells Fargo Clearing Services, LLC, Merrill Lynch, Pierce, Fenner & Smith Incorporated, and Cadaret, Grant & Co., Inc.

Kurta Law Can Help

If you have worked with Orley Jose Pacheco and you have concerns about his activity, Kurta Law may be able to help you evaluate your legal options. To speak with Kurta Law, call 877-600-0098 or email info@kurtalawfirm.com.

Helpful resources: Mutual Fund Fraud | Unsuitable Investments

For nearly 20 years, Kurta Law has advocated for investors and helped hold financial professionals accountable. Our firm represents clients nationwide in securities arbitration and related disputes. If you believe a broker or firm mishandled your account, an attorney can review the facts and explain possible next steps.