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Christopher Orlando Barred for Selling Away

shutterstock_140770462According to the Financial Industry Regulatory Authority (FINRA), former New York-based Securities America broker Christopher Orlando is currently not licensed to act as a broker or an investment adviser. The securities and investment fraud law firm Fitapelli Kurta is interested in speaking to investors who have complaints regarding Mr. Orlando (CRD# 2927859).

Christopher Orlando has spent 13 years in the securities industry and was most recently registered with Securities America in New York, New York (2012-2013). Previous registrations include Innovation Partners in Needham, Massachusetts (2012); Grant Williams in Austin, Texas (2010-2012); Longview Financial Group in Costa Mesa, California (2009-2010); Ascher/Decision Services in San Marino, California (2008-2009); Planmember Securities Corporation in Marina Del Rey, California (2006-2008); Partnervest Securities in Santa Monica, California (2002-2006); Jackson National Life Insurance Distributors in Denver, Colorado (2002); Directed Services in Windsor, California (1999-2001); ING Funds Distributor in Wilmington, Delaware (2000); and PLANCO Financial Services in Simsbury, Connecticut (1997-1998). He is currently not registered with any firm or state.

According to his BrokerCheck report, Christopher Orlando is the subject of four customer complaints and one regulatory sanction.

In 2013 FINRA sanctioned Christopher Orlando following allegations he engaged in private securities transactions by facilitating at least $7 million in investments away from his member firm, Planmember Securities, for which he received approximately $206,625 in compensation. Mr. Orlando was issued a fine of $10,000 and suspended from acting in any principal capacity for at least two years.

In 2013 a customer alleged Christopher Orlando, while employed at Planmember Securities, recommended a fraudulent investment in an unregistered security. The complaint settled in 2014 for $200,000.

In 2010 a customer alleged Christopher Orlando, while employed at Planmember Securities, recommended an investment in a Ponzi scheme. The complaint settled for $20,000.

In 2010 a customer alleged Christopher Orlando, while employed at Planmember Securities, engaged in selling away activities by recommending securities in “a Ponzi scheme-style fraud.” The complaint settled for $55,000.

If you have lost money investing with Christopher Orlando, call the securities and investment fraud law firm Fitapelli Kurta at 877-238-4175 for a free consultation. You may be able to recoup your losses. All cases are taken on contingency, which means Fitapelli Kurta only get paid if and when you collect money.  Time to file your claim may be limited, so we encourage you to avoid delay. Call 877-238-4175 now to speak to an attorney for free.