John Orlando-Former SW Financial Broker- Customer Disputes Resolved for More Than $1.2M – Ft. Lauderdale, FL

John Orlando-Former SW Financial Broker- Customer Disputes Resolved for More Than $1.2M – Ft. Lauderdale, FL

John Orlando-Former SW Financial Broker- Customer Disputes Resolved for More Than $1.2M – Ft. Lauderdale, FL 150 150 ER

John A. Orlando Investigation

June 2023 – Ft. Lauderdale, FL

According to publicly available records  John Anthony Orlando ,  a  stockbroker previously employed by SW Financial,  discloses 2 regulatory events, 5 prior customer disputes and 4 pending customer disputes.   These records indicate that more than $1.174 million has been paid to former customers of Orlando and over  pending cases seek more than $1.2 million in damages.

The Financial Industry Regulatory Authority (FINRA) is the agency that licenses and regulates stockbrokers and brokerage firms. FINRA requires brokers and brokerage firms to report customer complaints and disputes as well as regulatory sanctions. In addition brokers are required to disclose certain financial matters such as personal bankruptcies, judgments and liens.

In 11/2022, FINRA case 20-01721 alleged that Orlando failed to pay arbitration fees assessed in a FINRA arbitration.   Sanctions were a suspension from FINRA in all capacities from 2/09/2023 to 2/15/2023.

In 3/2022, FINRA case 2019063633301 alleged that Orlando willfully churned and excessively traded in a customer’s account.     He exercised de facto control over the customer’s account, controlling the volume and frequency of trading, deciding what securities to buy and sell the quantities the price and the when the transaction would occur.  The customer relied on Orlando to make securities recommendations and consistently followed what he advised.   Orlandos trading in the account was excessive and quantitatively unsuitable according to FINRA .   His trading generated more than $650,00 in commissions and concessions for himself and his member firm more than $770,000 in additional costs that was paid to the underwriters of the offerings.    The customer experienced approximately $1,245,000 in losses.    Sanctions  imposed by FINRA were a 10 day suspension and a $2,500 fine \.

Prior settlements for former customers of John Orlando include:

  • FINRA case 17-01615-a customer of Stern Agee Financial Services, Inc,. (former employer of Orlando) was paid $85K to resolve allegations  that Orlando concentrated their assets into one area and made unsuitable recommendations.
  • FINRA case 20-02201-a customer of WestPark Capital was paid $30K to resolve allegations breach of fiduciary duty and negligence.
  • FINRA  case 20-21721 in which a Newport Coast and WestPark Capital client was paid $1.05M to resolve allegations that Orlando churned their account and made unsuitable recommendations.
  • FINRA case 20-00924-a customer of SA Stone Wealth Management (previous employer of Orlando) was paid $9,500 to resolve  allegations of unsuitable investment recommendations.

Pending customer disputed for former customers of  John Orlando include:

  • FINRA case 22-02586- a SW Financial customer alleged unsuitability, excessive trading/commissions, unauthorized trading and negligence with alleged damages of $68,189.
  • FINRA case 22-02967 -a SW Financial customer alleged unsuitability, misrepresentation, negligence and breach of fiduciary duty.
  • FINRA case 22-01634 -a SW Financial customer alleged breach of fiduciary duty, negligence, negligent misrepresentation and breach of contract.
  • FINRA case 21-02353, a Newport Coast and WestPark Capital, Inc., customer alleged that private placements were not suitable and were over-concentrated as well as that the offering materials were misleading and/or omitted material facts.   Alleged damages are $1.2M.

Orlando  was last employed by SW Financial from 11/2019-2/2023.   His prior employment history includes: Joseph Gunner & Co., and WestPark Capital . He discloses an affiliation with Orlando Consultants In F. Lauderdale, FL.

If you have losses in an account that was handled by John Orlando, contact us for a no charge consultation to learn how you may be entitled to recover damages through FINRA arbitration.

Rex Securities Law , with offices in Boca Raton, FL,  and  Austin, TX,   provides representation to  investors  nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers and broker dealers. If you have questions about how your account has been handled, call to speak with an experienced securities attorney.

Most cases handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.

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Rex Securities Law

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