Did you lose money investing with Francis Lorenzo (a/k/a Frank Lorenzo) (CRD# 1814018)?
Galvin Legal, PLLC is launching an investigation on behalf of investors who may have suffered losses investing with Francis Lorenzo (a/k/a Frank Lorenzo). If you suffered losses investing with Francis Lorenzo (a/k/a Frank Lorenzo), then Galvin Legal, PLLC may be able to help you recover your losses in a Financial Industry Regulatory Authority (“FINRA“) arbitration claim.
If you suffered losses and would like a free consultation with a securities attorney, then please call Galvin Legal, PLLC at 1-800-405-5117.
As of June 26, 2020, Francis Lorenzo (a/k/a Frank Lorenzo)’s FINRA BrokerCheck Report contains the following:
BARRED: The SEC has barred this individual from acting as a broker or investment adviser or otherwise associating with firms that sell securities or provide investment advice to the public.
Disclosure Events
1 Customer Dispute(s)
3 Regulatory Event(s)
1 Employment Separation After Allegations
1 Criminal Disclosure(s)
UPDATE 6/26/2020: See SEC Administrative Proceeding File No. 3-16211, In the Matter of Gregg C. Lorenzo, Francis V. Lorenzo, and Charles Vista, LLC
Current and Previous Registrations
12/03/2010 – 04/15/2014 HUNTER WISE SECURITIES, LLC (CRD#:104193) IRVINE, CA
02/09/2010 – 11/09/2010 AMERICAN CAPITAL PARTNERS, LLC (CRD#:119249) HAUPPAUGE, NY
02/27/2009 – 02/24/2010 CHARLES VISTA LLC (CRD#:132650) NEW YORK, NY
FINRA expelled the firm on 01/02/2014
02/20/2008 – 01/06/2009 JOHN THOMAS FINANCIAL (CRD#:40982) NEW YORK, NY
FINRA expelled the firm on 10/31/2013
03/16/2007 – 12/17/2007 MERCER CAPITAL LTD. (CRD#:104012) NEW YORK, NY
08/16/1993 – 11/16/1993 LA JOLLA CAPITAL CORPORATION (CRD#:24341)
10/29/1992 – 05/15/1993 M. H. MEYERSON & CO., INC. (CRD#:540)
06/30/1992 – 10/13/1992 WAYNE, GRAYSON CAPITAL CORP. (CRD#:11764)
10/22/1991 – 05/11/1992 VANTAGE SECURITIES, INC. (CRD#:19611)
02/12/1991 – 03/18/1991 MANCHESTER RHONE SECURITIES CORP. (CRD#:15886)
03/13/1990 – 12/04/1990 SOUTH RICHMOND SECURITIES, INC. (CRD#:14913)
06/27/1989 – 04/04/1990 ROSENKRANTZ LYON & ROSS INCORPORATED (CRD#:3227)
02/22/1989 – 07/10/1989 MOSTEL & TAYLOR SECURITIES INC. (CRD#:10359)
11/23/1988 – 02/09/1989 BAIRD, PATRICK & CO., INC. (CRD#:1149)
08/09/1988 – 11/25/1988 GREELEY SECURITIES, INC. (CRD#:7738)
04/19/1988 – 07/14/1988 J. W. GANT & ASSOCIATES, INC. (CRD#:7963)
If you suffered losses and would like a free consultation with a securities attorney, then please call Galvin Legal, PLLC at 1-800-405-5117.
Due Diligence Requirement
FINRA requires broker’s to conduct due diligence on investments and to conduct a suitability analysis when recommending securities to a customer that takes into account the customer’s knowledge and experience. FINRA Rule 2111(a) states that “a member or an associated person must have a reasonable basis to believe that a recommended transaction or investment strategy involving a security or securities is suitable for the customer, based on the information obtained through the reasonable diligence of the member or associated person to ascertain the customer’s investment profile. A customer’s investment profile includes, but is not limited to, the customer’s age, other investments, financial situation and needs, tax status, investment objectives, investment experience, investment time horizon, liquidity needs, risk tolerance, and any other information the customer may disclose to the member or associated person in connection with such recommendation.”
Rule 2111 is composed of three main obligations: reasonable-basis suitability, customer-specific suitability, and quantitative suitability. Brokers and the brokerage firms they work for that fail to conduct adequate due diligence on investments they recommend or that make unsuitable recommendations can be held responsible for the customer’s losses in a FINRA arbitration claim.
If you suffered losses and would like a free consultation with a securities attorney, then please call Galvin Legal, PLLC at 1-800-405-5117.
Request a Free Consultation with a Securities Attorney
If you suffered losses investing with Francis Lorenzo (a/k/a Frank Lorenzo) and would like a free consultation with a securities attorney, then please call Galvin Legal, PLLC at 1-800-405-5117.
This information is all publicly available and is being provided to you by Galvin Legal, PLLC.
Galvin Legal, PLLC is a national securities arbitration, securities mediation, securities litigation, securities fraud, securities regulation and compliance, and investor protection law practice. For more information on Galvin Legal, PLLC and its representation of investors, please visit www.galvinlegal.com or call 1-800-405-5117.
