Lorenzo Esteva— Allegedly Providing Falsified Account Statements
Lorenzo C. Esteva Allegedly Provided Falsified Account Statement to a Customer from 2001 to 2017 and also Allegedly Journaled Funds Improperly between Accounts of Two Unrelated Customers
Lorenzo Esteva, a broker from Miami, Florida, allegedly provided falsified account statements to a customer from 2001 to 2017, during which time Esteva was allegedly employed with Merrill Lynch and UBS Financial Services, and also improperly journaled funds between accounts of two unrelated customers, according to a recent Letter of Acceptance, Waiver, and Consent (AWC) presently being reviewed by attorneys Jason Kane and James Booker.
Investors who believe they may have lost money in activity related to Lorenzo Esteva’s alleged falsified accounts are encouraged to contact attorneys Jason Kane or James Booker with any useful information or for a free, no obligation discussion about their options.
The Peiffer Wolf Carr & Kane securities lawyers are currently investigating Lorenzo Esteva’s alleged falsified accounts.
Esteva was purportedly terminated by UBS on June 6, 2017, based upon allegations that he placed unauthorized transactions involving a customer’s funds and purportedly furnished documents to them containing fake account details, according to the aforementioned AWC.
Lorenzo Esteva Barred by FINRA from Associating with any FINRA Member Firm
Lorenzo C. Esteva, on July 25, 2017, allegedly received a letter from FINRA requesting that he hand over brokerage and bank account statements, information about customer disputes, and other documents relevant to FINRA’s investigation into allegations of his misconduct, according to the aforementioned AWC presently under review by attorneys Jason Kane and James Booker.
Esteva was then allegedly warned by FINRA that his purported failure to provide FINRA with the aforementioned documentation and information as requested could result in his potential bar, the AWC notes.
FINRA then allegedly granted Esteva an extension of time to cooperate, as Esteva’s counsel allegedly reported to FINRA on August 22, 2017, that Esteva would allegedly not be providing the information and documentation as requested or otherwise participating in FINRA’s investigation, the AWC notes.
As a result, FINRA has rued that Esteva’s alleged conduct was violative of FINRA Rules, the AWC notes.
Esteva has also allegedly been named in a customer initiated investment related to a written complaint on June 20, 2017, in which the customer’s claim was supported by allegations that Esteva effected unauthorized loan transactions and falsified the customer’s signature and documentation, according to FINRA.
Finally one should also note that, according to the AWC, Lorenzo Esteva neither admitted nor denied the FINRA findings.
Securities Lawyers Investigating
The Peiffer Wolf Carr & Kane securities lawyers often represent investors who lose money as a result of investment-related fraud or misconduct and are currently investigating Lorenzo Esteva’s alleged falsified accounts. They take most cases of this type on a contingency fee basis and advance the case costs, and only get paid for their fees and costs out of money they recover for their clients.
Investors who believe they lost money as a result of Lorenzo Esteva’s alleged falsified accounts may contact the securities lawyers at Peiffer Wolf Carr & Kane, Jason Kane or James Booker, for a free no-obligation evaluation of their recovery options, at (585) 310-5140 or via e-mail at email@example.com or firstname.lastname@example.org.