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How to Bring a Claim Against Florida Broker John Orlando

Posted on Tuesday, September 29th, 2020 at 8:23 pm    

John Orlando

There are options for customers of Florida broker John Orlando (CRD# 2002197) who suffered investment losses due to their broker’s recommendations. Orlando has been registered with SW Financial in Lighthouse Point, Florida since 2019. Previously, Orlando was registered with the following firms: 

  • Joseph Gunnar & Co. Llc in New York, New York from September to October 2019
  • Westpark Capital, Inc. in Fort Lauderdale, Florida from 2016 to 2019
  • Newport Coast Securities, Inc. in Fort Lauderdale, Florida from 2015 to 2016
  • Sterne Agee Financial Services, Inc. in Ft. Lauderdale, Florida from 2009 to 2015

Orlando has been the subject of five customer complaints between 2016 and 2020, one of which was denied, according to his CRD report:

July 2020. “In August 2016 & March 2017, client invested in Horizon Fund to get access to pre-IPO shares of Uber & Palintir. Client alleges breach of fiduciary duty and negligence.” The customer is seeking $338,500 in damages and the case is currently pending. The complaint took place while Orlando was registered with WestPark Capital Inc. and was regarding private placements. 

June 2020. “Client alleges excessive trading, unsuitable investments, excessive concentration and unsuitable use of margin.” The customer is seeking $1 million in damages and the case is currently pending. The complaint took place while Orlando was registered with Newport Coast Securities & WestPark Capital Inc. and was regarding common and preferred stocks and private placements. 

March 2020. “Unsuitable and concentrated investment.” The customer is seeking $30,400 in damages and the case is currently pending. The complaint took place while Orlando was registered with SA Stone Wealth Management and was regarding common and preferred stocks. 

August 2016. “Claimants allege that rep concentrated their assets into one area and made unsuitable recommendations between June of 2012 and March of 2015.” The customer sought $200,000 in damages and the customer was granted $85,001 in damages. The complaint took place while Orlando was registered with Sterne Agee Financial Services, Inc. and was regarding corporate debt and penny stocks.

Pursuant to FINRA Rules, member firms are responsible for supervising a broker’s activities during the time the broker is registered with the firm. Therefore, Sterne Agee Financial Services, Inc., SA Stone Wealth Management, Newport Coast Securities & WestPark Capital Inc. may be liable for investment or other losses suffered by Orlando’s customers.

Erez Law represents investors in the United States for claims against brokers and brokerage firms for wrongdoing. If and have experienced investment losses, please call us at 888-840-1571 or complete our contact form for a free consultation. Erez Law is a nationally recognized law firm representing individuals, trusts, corporations and institutions in claims against brokerage firms, banks and insurance companies on a contingency fee basis.