Patrick Orlando Subject of SEC Allegations

Patrick Orlando (CRD #: 2391824), a broker registered with Entoro Securities, is the subject of an investor dispute. This disclosure appears on his BrokerCheck record, accessed on September 10, 2024. Keep reading if you have questions regarding his alleged conduct. 

Investor Allegations 

On September 10, 2024, the SEC alleged that Patrick Orlando filed materially false and misleading statements and omissions. Patrick Orlando allegedly made filings on behalf of a Special Acquisition Company (SPAC) that he controlled, in which he stated that the SPAC did not intend to merge with any specific company. The SEC alleges that Patrick Orlando had, in fact, engaged in lengthy discussions with representatives of Trump Media & Technology Group Corp. regarding a merger. On September 8, 2021, Digital World Acquisition Corp. completed an IPO and raised $287.5 million from the investing public.

High Standards of Commercial Honor

FINRA Rule 2010 holds brokers to high standards of commercial honor and just and equitable principles of trade. Filing misleading statements with the SEC violates this rule. 

Background Information 

Patrick Orlando has passed the following exams: 

• Series 63 Uniform Securities Agent State Law Examination 
• Series 82TO Limited Representative-Private Securities Offerings 
• SIE – Securities Industry Essentials Examination 
• Series 79 Investment Banking Registered Representative Examination 
• Series 7 General Securities Representative Examination 
• Series 24 General Securities Representative Examination 

He is a registered broker in Florida and Texas. 

During his 10 years of experience, he has registered with five firms: 

• Entoro Securities (CRD #: 35192) 
• StillPoint Capital (CRD #: 133146) 
• Deutsche Bank Securities (CRD #: 2525) 
• American Express Financial Advisors (CRD #: 6363) 
• IDS Life Insurance Company (CRD #: 6321) 

Kurta Law Can Help 

If you worked with Patrick Orlando and you have concerns about your investments, do not hesitate to contact us at 877-600-0098 or email info@kurtalawfirm.com for a free consultation. 

For nearly 20 years, Kurta Law has advocated for investors to recover their investment losses from brokers and brokerage firms. Kurta Law is a nationally recognized law firm that exclusively represents investors against brokers and brokerage firms on a contingency basis. This means that the firm only earns a fee if our securities attorneys recover money on your behalf. Do not let securities fraud go unchecked. Start your recovery process today.