National investment loss lawyers KlaymanToskes is investigating broker Troy Orlando (CRD# 6055474) of Spartan Capital Securities, who has been suspended from acting as a broker by the Financial Industry Regulatory Authority (“FINRA”), following allegations that he recommended a series of trades in customer accounts that were excessive, unsuitable, and not in the customers’ best interest.
FINRA found that Orlando’s trading in the customers’ accounts, some of whom were seniors, resulted in total trading costs of $231,798, including $164,897 in commissions, and caused $198,450 in realized losses. Orlando consented to sanctions of a 20-month suspension from associating with any FINRA member in all capacities and restitution of $58,082.50 plus interest.
According to FINRA BrokerCheck, broker Troy Orlando was previously registered with Spartan Capital Securities from 2015 to 2019 in New York, NY. Orlando was also previously registered with Joseph Stone Capital from 2020 to 2021, with Joseph Gunnar & Co. from 2021 to 2022, and with Craft Capital Management from 2022 to 2023.
Investors that suffered losses with broker Troy Orlando are encouraged to contact attorney Lawrence L. Klayman, Esq., at 888-997-9956 or by email at lawrence@klaymantoskes.com to discuss recovery options. We do not collect attorney’s fees unless we are able to obtain a financial recovery for you.
KlaymanToskes is a leading national investment loss law firm that represents the interests of investors throughout the world who have suffered losses due to broker misconduct, investment fraud, and securities violations.
The articles linked below contain important information relating to KlaymanToskes’ investigation of broker Troy Orlando:
If you suffered losses with broker Troy Orlando, contact KlaymanToskes at 888-997-9956 or fill out a short contact form for a free and confidential consultation.
The firm has helped recover over $600 million* for investors, and can help you determine if your loss is due to financial advisor misconduct, unsuitable investment advice, and/or other securities violations.
*Exclusive of attorneys fees and costs.
As an investor, there are a few signs that you should look out for if you believe you may have a claim against broker Troy Orlando. These signs could potentially indicate broker misconduct, negligence, or investment fraud. Investors are encourage to contact our firm immediately if you have experienced any of the following:
Some investors have close relationships with their brokers due to the time and trust built over the course of their investment relationship. However, it is crucial to remember that financial decisions should be based on careful analysis and due diligence rather than solely relying on personal relationships.
According to FINRA, brokerage firms such as Spartan Capital Securities are responsible for the supervision of all of the activities of their registered brokers and investment advisors. Investors may be entitled to a financial recovery if their brokerage firm failed to supervise the representative managing their brokerage account, and/or if their broker/advisor made unsuitable investment recommendations.
Engaging the services of an experienced securities attorney to evaluate the specific circumstances of your case is strongly advised. At KlaymanToskes, our team of experienced securities attorneys has a deep understanding of this complex area of law, allowing us to provide invaluable insight and tailored guidance that directly addresses your individual needs.
If you suffered losses with broker Troy Orlando, or have concerns regarding your investment portfolio at Spartan Capital Securities, Joseph Stone Capital, Joseph Gunnar & Co., and/or Craft Capital Management, contact KlaymanToskes at 888-997-9956 or fill out a short contact form for a free and confidential consultation to discuss recovery options.