Christopher Orlando Barred Over Trading At WCM

FINRA Bars Christopher Orlando For Allegedly Making Unsuitable Trades In Worden Client Accounts

The Financial Industry Regulatory Authority (FINRA) shows through BrokerCheck that it barred securities broker Christopher George Orlando (CRD#: 4136262, New York, New York). Evidently, Orlando worked for firms Worden Capital Management (2016 to 2019), St. Bernard Financial Services (2019 to 2020), and Spartan Capital Securities (2020 to 2021). It appears that Orlando agreed to the regulator’s sanction of a bar as a way of resolving allegations that he made bad recommendations to clients. FINRA says he caused them to incur losses while he received substantial commissions. In addition, two clients brought disputes about the securities broker. Here’s more about these disclosures.

FINRA Alleges That Orlando’s Trading At WCM Violated FINRA Rules

Evidently, FINRA barred Christopher Orlando as securities broker in June 2021. It appears that Orlando made excessive trades for 12 WCM clients. Evidently, Orlando had a large amount of control over those clients’ accounts from 2015 to 2018 because he usually received permission to make trades for them. It appears that the broker caused investors’ accounts to contain high turnover rates and cost-to-equity ratios (FINRA closely reviews those figures to determine when a securities broker is excessively trading).
Christopher Orlando’s trading was described by FINRA as frequent, short-term and mainly involving his sales of securities along with simultaneous purchases of new securities. Supposedly, investors realized losses of $483,680. However, the firm purportedly received $581,216 from those clients. The commissions alone were reportedly $496,872.
In addition, FINRA says in this matter that Christopher Orlando did not trade in a way which reflected clients’ suitability information at Worden Capital Management. Because of these alleged FINRA rule infractions, FINRA barred him. Now, as of June 30, 2021, Orlando cannot associate with FINRA-member firms.

National Securities Corp Dispute Alleges Misrepresentation By Orlando

It appears that Christopher Orlando worked for National Securities Corp before joining Worden Capital Management. It appears that a client of National Securities Corp contested Orlando’s sales practices in a 2015 dispute about over-the-counter equities. Allegedly, Orlando misrepresented important info in connection with these trades. In addition, the client alleged unsuitable trading. However, National Securities Corp denied the allegations and claim against this broker.

Brookstone Client Dispute Alleges Poor Investment Decisions, Unnecessary Commissions By Christopher Orlando

Evidently, Christopher Orlando used to work for Brookstone Securities Inc. Evidently, a client of Brookstone Securities took issue with his trading. Specifically, the client alleged that there was verbal abuse and intimidation factoring into the client’s investment decisions. Also, the client purportedly invested in unsuitable over-the-counter equities and paid a lot in commissions. However, the client’s claim closed without resolution.

Losses By Investing In Securities Through Orlando?

Apparently, securities broker Christopher Orlando denies allegations of sales practice violations. Have you experienced investment losses by him? If so, reach out to Soreide Law Group at (888) 760-6552 and speak with experienced counsel concerning a possible recovery of your investment losses. Soreide Law Group represents clients on a contingency fee basis and advances all costs. The law firm has recovered compensation for many US clients who have experienced losses because of their securities brokers and financial advisors.