Last Updated: January 2024 (Livonia, MI)
Robert Lorente Investigation Summary
Here’s what you need to know about Livonia, MI, stockbroker Robert Lorente:
- Name: Mr. Robert Gerald Lorente
- Current Employer: Not currently registered with FINRA
- DBA: Secure Asset Management
- Previous Firms: Aurora Securities, Concorde Investment Services, Great Point Capital
- Function: Stock Broker/ Financial Advisor
- Aliases: Bob Lorente
- Primary Location: Livonia, MI
- CRD 1425180
- Can Bob Lorente be sued in FINRA arbitration: Yes
- Sanctioned by FINRA: No
- Highest Settlement or Award: $12,000
- Pending Customer Dispute Seeks Damages of $250,000
Discuss your case with experienced investment fraud lawyer Bob Rex at (877) 224-3199 for a free consultation.
Did You Lose Money With Robert Lorente As Your Stockbroker?
In 10/2023 a customer of Great Point Capital filed a FINRA arbitration alleging that Bob Lorente made unsuitable recommendations to invest in three real estate investment trusts (REITs). Damages of $250,000 are sought in this currently pending matter.
In 2022 a customer of Concorde investment services was paid $12,000 to resolve allegations that Lorente misrepresented a real estate investment.
See this for more information on REITs and Other Alternative Investments
Allegations of Broker Misconduct Against Robert Lorente
Customers of Bob Lorente have alleged the following wrongdoing in connection with the handling of customer accounts:
- Unsuitable Investment Recommendation to invest in REITs
- Misrepresentation
- Gross Negligence
- Breach of Contract
- Common Law Fraud
- Breach of Fiduciary Duty
Alternative Investments: These are assets that are not stocks, bonds or cash. Alternative investments generally fall within five categories: hedge funds, private capital, natural resources (oil and gas, energy), real estate (REITs) and infrastructure. They are typically less liquid that conventional investments, less regulated with higher fees and generally higher risk. For more investigations involving Alternative Investments, see this.
The Financial Industry Regulatory Authority (FINRA) is the agency that licenses and regulates stockbrokers and brokerage firms. FINRA requires brokers and brokerage firms to report customer complaints and disputes as well as regulatory sanctions. In addition brokers are required to disclose certain financial matters such as personal bankruptcies, judgments and liens.
Recover Your Investment Losses Now With Rex Securities Law
Firms Have a Duty to Supervise their Financial Advisors (FINRA Rules 3110 & 2090)
Brokers and their firms have a duty to comply with the FINRA suitability rule which requires that they have a reasonable basis to believe that a recommendation is suitable for the customer.
If you have suffered investment losses in an account handled by Bob Lorente, contact us for a complimentary consultation with an experienced securities lawyer to learn how you may be able to recover damages through FINRA arbitration.
With offices in Boca Raton, FL and Austin, TX, stockbroker fraud attorney Bob Rex provides representation to investors nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers, financial advisors and broker dealers.
If you have questions about how your account has been handled, call (877) 224-3199 to speak with an experienced securities attorney at no cost to you.
Most cases are handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.
