Lorenzo Estava, formerly of Merrill Lynch and UBS Financial Services, Barred from Securities Industry
Have you lost money with financial advisor Lorenzo Estava of Miami, Florida? We are investigating allegations made by FINRA, the Financial Industry Regulatory Authority, against Lorenzo C. Estava. FINRA barred Estava from the securities industry after he failed to respond to a FINRA investigation. FINRA was investigating Estava after he was alleged to have provided false account statements to a customer between 2001 and 2017. He was also alleged to have “improperly journaled funds between accounts of two unrelated customers” during 2017 while he worked with UBS Financial Services.
Lorenzo Estava was a financial advisor and registered representative of Merrill Lynch from 1991 to November 2015. He was also affiliated with UBS Financial Services from November 2015 to June 2017. He worked at a branch office in Miami, Florida. Estava has been the subject of at least four customer complaints.
Brokerage firms like Merrill Lynch and UBS Financial Services have a responsibility to adequately supervise all representatives who are registered through their firm. Brokerage firms also must take steps to ensure that their financial advisors follow all securities rules and regulations, as well as internal firm policies. When brokerage firms fail to adequately supervise their registered representatives, they may be liable for investment losses sustained by customers.
Israels & Neuman PLC is a securities and investment fraud law firm with offices in Denver, Colorado and the Seattle, Washington area. We represent investors in FINRA arbitration proceedings in all 50 states, including investors throughout Florida and the Miami area. Attorney David Neuman is licensed to practice law in Florida. Our attorneys have represented over one thousand investors against many brokerage firms in the past, including Merrill Lynch and UBS Financial Services.
Click to view: Estava, Lorenzo FINRA AWC
Click to view: Estava, Lorenzo BrokerCheck 9.15.17
If you lost money with Lorenzo Estava, UBS Financial Services, or Merrill Lynch, please CONTACT US at 720-599-3505 for a free evaluation of your case.
Israels & Neuman, PLC is a private law firm and is not affiliated with any government or law enforcement agency. Any investigation referenced in this blog is independent in nature and is being conducted by our law firm privately, not in conjunction with any government or law enforcement agency. All information contained in this blog should be deemed statements of opinion derived from the author’s review of public records, not statements of fact. This blog is advertising material and does not create an attorney client relationship, nor does it constitute legal advice. Everyone’s situation is different and the question of whether or not you have a claim will vary on a case-by-case basis. In contingent representation, clients may still be liable for costs.