Articles Tagged with Barrington Rhode Island Stockbroker Misconduct Attorney

Peter Orlando, a Barrington, Rhode Island-based registered representative formerly employed with MetLife Securities, Inc., n/k/a MML Investors Services LLC, was named a Respondent in a Financial Industry Regulatory Authority (FINRA) complaint alleging that he failed to disclose that an elderly customer had designated him as account beneficiary of the customer’s will and bank account.

According to FINRA’s complaint, Peter Orlando used his position of trust with his client, an 81-year-old widow, to obtain durable power of attorney, health power of attorney, designation as the executor and primary beneficiary of the customer’s will, and beneficiary of the customer’s bank account.  Mr. Orlando failed to disclose the arrangements to his member firm, which prohibited its representatives from serving in a fiduciary capacity or being named as an account beneficiary for anyone other than family members.  Continue Reading