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Peter Orlando Has Been Named In a Pending FINRA Investigation

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Peter Orlando

Public records published by the Financial Industry Regulatory Authority (FINRA) and accessed on November 7, 2017 indicate that Massachusetts-based SCF Securities broker/adviser Peter Orlando has been named in a FINRA investigation into alleged rule violations. Fitapelli Kurta is interested in speaking to investors who have complaints regarding Mr. Orlando (CRD# 1142715).

Peter Orlando has spent 27 years in the securities industry and has been registered with SCF Securities in Fall River, Massachusetts since 2014. Previous registrations include MetLife Securities in Warwick, Rhode Island (2010-2014); Morgan Stanley Smith Barney in Providence, Rhode Island (2009-2010); Morgan Stanley & Company in Providence, Rhode Island (2008-2009); Investors Capital Corporation in Providence, Rhode Island (2007-2008); Investors Capital Corporation in Lynnfield, Massachusetts (2001-2003; 2005); Schneider Securities in Denver, Colorado (1999-2001); Prudential Securities in New York, New York (1996-1998); Locust Street Securities in Des Moines, Iowa (1995-1996); and John Hancock Distributors (1988-1993). He has passed seven securities industry examinations: Series 65 (Uniform Investment Adviser Law Examination); Series 63 (Uniform Securities Agent State Law Examination); Series 31 (Futures Managed Funds Examination); Series 7 (General Securities Representative Examination); Series 22 (Direct Participation Programs Representative Examination); Series 6 (Investment Company Products/Variable Contracts Representative Examination); and Series 24 (General Securities Principal Examination). He is a registered broker and investment adviser with nine US states and territories: California, Connecticut, the District of Columbia, Florida, Massachusetts, New Hampshire, New York, North Carolina and Rhode Island.

According to his BrokerCheck report, he has been named in a pending FINRA investigation and has received one customer complaint that was denied.

In August 2017 FINRA named Peter Orlando respondent in an investigation into allegations he recommended an unsuitable annuity surrender to an 81 year-old-widow, failed to comply with his prior firm’s policies by becoming the beneficiary of a client’s bank accounts, obtaining the general and health power of attorney for that client, and became the beneficiary and executor of that customer’s will, and additionally that he provided false answers during the firm’s annual review and maintained two “signed but otherwise blank forms.” The investigation remains pending.

In 2013 a customer alleged Peter Orlando, while employed at MetLife Securities, misrepresented and recommended an unsuitable variable annuity product. The customer sought $7,000 in damages in the complaint, which was denied.

If you or someone you know has lost money investing with Peter Orlando, call Fitapelli Kurta at 877-238-4175 for a free consultation. You may be eligible to recoup your losses. Fitapelli Kurta accepts all cases on a contingency basis: we 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.