Lorenzo Esteva Barred from the Securities Industry

Lorenzo EstevaUBS Fires Miami Broker Lorenzo Esteva, then FINRA Bars him

According to FINRA, Lorenzo C. Esteva has purportedly been permanently barred from the securities industry. UBS Financial Services reportedly fired Miami-based Esteva earlier this year for allegedly giving clients documents with false account information.

FINRA states that Esteva allegedly failed to produce documents and information that Finra requested about the falsified account statements. This is why he was barred from the securities industry, according to FINRA’s settlement statement. Esteva neither admitted to nor denied any of its findings, according to FINRA.

Lorenzo Esteva worked for Merrill Lynch in Miami for 24 years, according to his BrokerCheck Report. He was registered with UBS Financial Services from November 2015 until this July when he was reportedly discharged. His broker report states Lorenzo Esteva “was discharged after he admitted providing a client with documents containing false account information.”

According to his BrokerCheck report, Esteva has five disclosure events listed. The four customer disputes include allegations of providing false account statements, opening a credit line without permission, misrepresentation, unsuitable investments and unauthorized trading.

Recovery Options

This information, which is publicly available on FINRA’s website, has been provided by The White Law Group.

For more information on The White Law Group’s investigation, please see FINRA Bars Former UBS Financial Broker Lorenzo Esteva.

If you have questions or concerns about investments you made with Lorenzo Esteva, the securities attorneys of The White Law Group may be able to help you.  To speak with a securities attorney, please call 888-637-5510.

The White Law Group, LLC is a national securities fraud, securities arbitration, investor protection, and securities regulation/compliance law firm with offices in Chicago, Illinois and Vero Beach, Florida.

For more information on The White Law Group, and its representation of investors, please visit our website at http://www.whitesecuritieslaw.com.



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