John Orlando, Broker with SW Financial, Facing Pending Customer Disputes Over Unsuitable Investment Recommendations

Orlando faces three pending disputes seeking over $1M in damages.

The Sonn Law Group is investigating allegations that John Orlando made unsuitable investment recommendations. If you or a family member has suffered losses investing, we want to discuss your case. Please contact us today for a free review of your case.

John Orlando (CRD#: 2002197) is currently registered as a broker with SW Financial, where he has been employed since 2019. He was previously registered with Joseph Gunnar & Co. LLC from September to October 2019. 

Orlando has five disclosures on his BrokerCheck report.

July 2020 Customer Dispute

• Status: Pending
• Allegations: 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.
• Damage Amount Requested: $338,500.00

June 2020 Customer Dispute

• Status: Pending
• Allegations: Client alleges excessive trading, unsuitable investments, excessive concentration and unsuitable use of margin.
• Damage Amount Requested: $1,000,000.00

March 2020 Customer Dispute

• Status: Pending
• Allegations: Unsuitable and concentrated investment.
• Damage Amount Requested: $30,400.00

March 2017 Customer Dispute

• Status: Denied
• Allegations: Client claimed Mr. Orlando pressured him into selling a large position which later went up in value.
• Damage Amount Requested: $5,000.00
• Broker Comment: The firm can find no violation occurred. Brokers position is all trades authorized and client never raised issue until 4 months after stock rose in price and then there was a hypothetical profit. While happily accepting dividends and profits in other blue chip companies purchased.

August 2016 Customer Dispute

• Status: Award / Judgment
• Allegations: Claimants allege that rep concentrated their assets into one area and made unsuitable recommendations between June of 2012 and March of 2015.
• Damage Amount Requested: $200,000.00
• Damages Granted: $85,001.00
• Broker Comment: Rep responds that each investment was in a large cap oil and gas company yielding the interest rate and credit quality so desired by client and that client was completely satisfied with investment until 2015 when the entire oil sector collapsed due to the decline in oil prices and all energy stocks, not just clients, fell and ceased paying dividends. Client held the investments for 4 years and gladly accepted all dividends and now 4 years later complains after the collapse in the energy markets. Client also had an independent fixed income specialist review each of the investments prior to them being made.

Contact Us Today

The Sonn Law Group is currently investigating allegations that John Orlando recommended unsuitable investments. We represent investors in claims against negligent brokers and brokerage firms. If you or your loved one experienced investment losses, we are here to help. For a free consultation, please call us now at 866-827-3202 or complete our contact form.