Investors may have incurred losses with securities broker Robert Gerald Lorente, also known as Bob Lorente [CRD: 1425180, Livonia, Michigan], according to disclosures on the Financial Industry Regulatory Authority (FINRA) BrokerCheck. Robert Lorente was previously registered with Great Point Capital LLC. Here’s more about the allegations made against Lorente by clients.
Specifically, on October 18, 2023, a Great Point Capital LLC client filed FINRA Arbitration No. 23-01560 about Robert Lorente. Mainly, the client alleged unsuitable recommendations on three real estate securities purchased in 2019. Additional claims include misrepresentation, negligence, omission, breach of fiduciary duty, and breach of contract. Because of this, the client requested $250,000 in compensation from Great Point Capital LLC or Lorente. Evidently, this arbitration is pending a resolution.
Particularly, a client of Concorde Investment Services LLC contested Robert Lorente’s sales practices by filing FINRA Arbitration No. 21-00922. The investor dispute alleged gross negligence, misrepresentations, omissions, and breach of contract relating to an investment made in July 2016. It appears that Lorente allegedly caused the client to sustain damages on real estate securities. Because of this, Concorde Investment Services LLC opted to settle the matter on January 24, 2022, by compensating the client in the amount of $12,000.
Did you suffer losses because of Robert Lorente? If so, get in touch with Soreide Law Group online or at (888) 760-6552 to discuss the possibility of recovering your investment losses. Soreide Law Group has successfully recovered losses for investors across the United States, operating on a contingency fee basis and covering all costs upfront. Lorente and the brokerage firms he worked for deny all accusations of sales practice violations.
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