Lorenzo Dominic Vigil (CRD #7872460) Has an Employment Separation Disclosure on FINRA BrokerCheck

Lorenzo Dominic Vigil (CRD #7872460) is a broker with an employment separation disclosure on FINRA BrokerCheck. We reviewed his BrokerCheck report on May 21, 2026. It reflects one employment separation after allegations. If you invested with Lorenzo Vigil and have concerns, keep reading.

BrokerCheck link: BrokerCheck

BrokerCheck report: BrokerCheck Report (PDF)

Employment Separation After Allegations

Lorenzo Vigil’s FINRA BrokerCheck Report reflects one employment separation disclosure. A summary of the separation is below:

On March 23, 2026, JPMorgan Chase Bank, N.A. discharged Lorenzo Vigil. Lorenzo Vigil FINRA BrokerCheck states that he was terminated by an affiliate bank. The disclosure states that he acted as an affiliate bank employee. It says he provided investment advice beyond the scope of his role.

The disclosure also states that he recommended self-directed investments without determining whether they were suitable for customers. It further states that he failed to provide required disclosures.

Rule Summary #1: FINRA Rule 2111 (Suitability)

FINRA Rule 2111 requires a reasonable basis for a recommendation. It also requires attention to the customer’s investment profile. A disclosure involving self-directed investment recommendations may raise suitability issues.

Rule Summary #2: FINRA Rule 2010 (Standards of Commercial Honor and Principles of Trade)

FINRA Rule 2010 requires high standards of commercial honor. It also requires just and equitable principles of trade. A disclosure involving advice outside a role may raise questions about fair dealing.

Why This Matters to Investors (Regulation Best Interest)

Regulation Best Interest (Reg BI) is a U.S. securities regulation. It strengthens the standard of conduct that broker-dealers owe to retail investors. It applies when they recommend securities transactions or investment strategies. The U.S. Securities and Exchange Commission adopted Reg BI. It became effective on June 30, 2020. Reg BI aims to protect investors while preserving access to brokerage products and services.

Reg BI requires broker-dealers and financial advisors to act in a retail customer’s best interest at the time of a recommendation. They must not place their own financial or other interests ahead of the customer’s. This standard is higher than the older “suitability” rule. Suitability meant a recommendation only had to be appropriate. It did not have to be the best option or free of conflicts.

Reg BI has four key obligations:

Disclosure Obligation – Broker-dealers must disclose material facts about the relationship and the recommendation. This includes fees, the scope of services, and conflicts of interest.

Care Obligation – Broker-dealers must use reasonable diligence, care, and skill. They must consider costs, risks, and alternatives when making a recommendation.

Conflict of Interest Obligation – Firms must identify conflicts of interest. They must disclose them and mitigate or eliminate them. This includes conflicts that create incentives to favor one product over another.

Compliance Obligation – Firms must maintain policies and procedures. Those policies should be designed to ensure compliance with Reg BI as a whole.

Reg BI applies to each recommendation. It is not a continuous duty like the fiduciary standard for registered investment advisers. Even so, it narrows the gap. It puts more focus on costs, conflicts, and investor-focused decision-making.

Overall, Regulation Best Interest promotes transparency. It also aims to improve the quality of investment recommendations. It is designed to reinforce trust between retail investors and broker-dealers in the U.S. securities markets.

Background Information (from BrokerCheck)

Based on his FINRA BrokerCheck report, Lorenzo Vigil:

Is currently registered with J.P. Morgan Securities LLC.

Has one employment separation disclosure.

Has branch information listed in Arvada, Colorado, on BrokerCheck.

Kurta Law Can Help

If you have worked with Lorenzo Vigil and have concerns about his activity, Kurta Law may be able to help. The firm can review your legal options. To speak with Kurta Law, call 877-600-0098 or email info@kurtalawfirm.com.

Helpful resources: Investment Fraud | Securities Attorney

For nearly 20 years, Kurta Law has advocated for investors and helped hold financial professionals accountable. Our firm represents clients nationwide in securities arbitration and related disputes. If you believe a broker or firm mishandled your account, an attorney can review the facts. The attorney can also explain possible next steps.