Investor Seeks $2 Million in Dispute with Shaun Orcinolo

Shaun Orcinolo (CRD #: 2433357), a broker registered with Morgan Stanley, is involved in a pending dispute, according to his BrokerCheck record, accessed on November 15, 2024. Read on if you want to know more about his alleged conduct as a broker.

Investor Dispute

In a pending dispute filed on October 3, 2024, an investor alleged that Shaun Orcinolo purchased annuities that were not in the client’s best interest from 2014-2024. The client seeks $2 million in damages.

FINRA Rule 2111

FINRA Rule 2111 requires that brokers tailor their investment recommendations to an investor’s profile, which describes their risk tolerance, tax status, and financial goals.

Investors who feel their losses were caused by unsuitable investment recommendations may be able to recover their funds through FINRA arbitration.

Regulation Best Interest

Regulation Best Interest (Reg-BI) is an SEC regulation that requires brokerage firms to put their clients’ best interests first. For example, firms must conduct reasonable due diligence when researching investments to ensure their recommendations are suitable for the investor.

Background Information

Shaun Orcinolo has passed the following exams:

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

Shaun Orcinolo is a registered broker in 36 states as well as the District of Columbia and Puerto Rico. He is also a registered investment adviser in Florida and Texas.

He has also worked for the following firms:

• UBS Financial Services (CRD#:8174)
• Citigroup Global Markets (CRD#:7059)
• PFS Investments (CRD#:10111)
• Investors Associates (CRD#:958)

Kurta Law Can Help

If you worked with Shaun Orcinolo 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.