Orlando Cipriano Fernandez of Greenville South Carolina a stockbroker formerly registered with Sandlapper Securities LLC is the subject of a customer initiated investment related arbitration claim in which the customer requested $11,000.00 in damages based upon allegations that (1) due diligence was not adequately performed by the stockbroker prior to oil and gas investment recommendations including Balken Drilling Fund IV being made to the customer and (2) the customer suffered unwarranted losses because of Fernandez’s transactions while he was associated with Sandlapper Securities. Financial Industry Regulatory Authority (FINRA) Arbitration No. 19-00944 (Apr. 23, 2019).
This is not the first time that Fernandez has been referenced in a customer initiated investment related dispute concerning accusations of the stockbroker’s misconduct in the securities industry. In particular, FINRA Public Disclosure confirms that Fernandez is referenced in a customer initiated investment related arbitration claim where the customer sought $56,500.00 in damages founded on accusations that the customer was provided with bad investment recommendations concerning oil and gas securities when Fernandez was employed by Harrison Douglas.
Fernandez’s registration with Sandlapper Securities has been terminated as of November 2, 2017. Between November 1, 2017 and May 15, 2019, he was registered with Moloney Securities Inc.
