Soreide Law Group, based in South Florida, obtained the following information from FINRA’s November 2017 Disciplinary report regarding Miami broker:
Lorenzo C. Esteva (CRD #2170595, Miami, Florida)
Lorenzo C. Esteva was barred by FINRA for allegedly failing to produce FINRA-requested documents and information as part of an investigation into client complaints that he allegedly provided falsified account statements to a client from 2001 to 2017, and that he allegedly improperly journaled funds between accounts of two unrelated clients.
(FINRA Case #2017054827701)
According to FINRA’s BrokerCheck, Lorenzo C. Esteva had been in the securities industry for 25 years and was listed with the following 2 firms:
11/17/2015 - 07/06/2017 UBS FINANCIAL SERVICES INC. - MIAMI, FL
08/12/1991 - 11/20/2015 MERRILL LYNCH, PIERCE, FENNER & SMITH INC. - MIAMI, FL
FINRA has barred Lorenzo C. Esteva from acting as a broker or otherwise associating with a broker-dealer firm. Lorenzo C. Esteva has 10 Disclosures on his report, 8 of which are ‘Customer Disputes.’ Some of the allegations in the 5 ‘Pending Customer Disputes,’ available to the public on FINRA’s website, are: providing false account statements, not giving permission to open a credit line, and 3 allegations of unsuitable positions.
If you were a former client of Miami broker, Lorenzo C. Esteva, and you experienced financial losses due to his actions or recommendations, contact Soreide Law Group, conveniently based in South Florida, for a no cost consultation with an experienced securities lawyer regarding the possible recovery of your funds through a FINRA arbitration at: 888-760-6552.
Soreide Law Group represents our clients nationwide before FINRA. We operate on a contingency fee basis. Let our experience work for you.
