Financial Advisor/Broker John Orlando has Customer Complaints | May Recover Investor Losses

Financial Advisor/Broker John Orlando has Customer Complaints | Goodman & Nekvasil P.A., May Recover Investor Loss

Northstar Financial Services (Bermuda) Investigation

Financial advisor/broker John Orlando has customer complaints.  Orlando is a licensed broker with SW FINANCIAL (CRD# 145012).

According to Orlando’s BrokerCheck Report, six customer complaints have been filed alleging that the investments purchased in the customer accounts were unsuitable.

John Orlando a/k/a John Anthony Orlando CRD # 2002197

Financial Advisor/Broker John Orlando Has A Pending FINRA Complaint

According to FINRA, John Orlando was named a respondent in a FINRA complaint. alleging that Orlando churned and excessively traded in a customer’s account. Orlando’s trading in the customer’s account was excessive and quantitatively unsuitable.

Orlando’s trading in the customer’s account generated more than $650,000 in commissions and concessions for himself and his member firm and 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.

The complaint also alleges that Orlando did not have reasonable basis to believe that the transactions and strategy he recommended to the customer were suitable for any customer.

In addition, the complaint alleges that Orlando made false statements to his firm on an annual compliance questionnaire about how he communicated with the customer. Orlando denied communicating via text message with clients when, in fact, he had exchanged at least 225 text messages with the customer that were nearly all related to the customer’s account.

Goodman & Nekvasil P.A. May Recover Investor Losses

If you lost any money on investments with John Orlando, you may be able to recover your losses. If you lost money on investments with John Orlando and believe that the investments may have been unsuitable or otherwise improper for you, we would like to discuss the possibility of your retaining our firm to represent you in an arbitration action concerning Orlando’s conduct.

There is no charge for an evaluation of your case. We handle our cases on a contingency fee basis. If we don’t recover money for you, we charge no attorney’s fee. Unless you recover money, you pay us nothing, not even the costs and expenses which the firm will advance on your behalf.

Goodman & Nekvasil, P.A. has recovered more than $250 million on behalf of victimized investors. If you lost money on investments with John Anthony Orlando and would like your case evaluated by a securities attorney, please contact us.

Some of the information in this blog post was obtained on 4/1/22 directly from FINRA BrokerCheck, without any changes. If you believe this information was reported incorrectly, please contact our firm at 1-800-500-4442.

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