Nicholas Lorenzo Suspended by FINRA for Alleged Failure to Supervise

Nicholas Lorenzo (CRD #: 2630518), a broker registered with Canaccord Genuity, has been suspended by FINRA, according to his BrokerCheck record, accessed on September 22, 2025. Keep reading to learn more about his alleged conduct as a broker.

FINRA Suspension

On June 16, 2025, Nicholas Lorenzo consented to the entry of findings that he allegedly failed to perform supervisory duties as head of Canaccord Genuity’s trading compliance group during the period of February 2017 through December 2022.

According to a Letter of Acceptance, Waiver & Consent (AWC), Nicholas Lorenzo allegedly assigned the more than 100 surveillance reports regularly generated by the firm to individual members of the group without documenting these assignments. This allegedly made the firm unable to determine which members were responsible for reviewing certain reports.

Further, Nicholas Lorenzo allegedly failed to reasonably evaluate group members’ understanding of how to identify red flags of suspicious trading in their assigned reports. He also allegedly failed to verify the quality or completion of reviews and whether the team was escalating potential issues.

As a result of these alleged supervisory failures, Nicholas Lorenzo allegedly failed to detect the trading compliance group’s failure to review a significant number of surveillance reports during a period of more than four years.

The AWC concluded that these allegations constituted violations of FINRA Rules 3110 and 2010.

FINRA Rule 3110

FINRA Rule 3110 requires that firms establish systems of supervision to maintain their compliance with securities regulations. This includes appointing supervisors and providing them with Written Supervisory Procedures (WSPs).

FINRA Rule 2010

FINRA Rule 2010 holds brokers to high standards of commercial honor and just and equitable principles of trade.

Sanctions

Nicholas Lorenzo consented to the following sanctions:

• Nine-month suspension from associating with FINRA members
• $5,000 fine
• Requirement to requalify as a principal before acting in that capacity with a FINRA member

His suspension took effect on July 21, 2025, and will end on April 20, 2026. You can read a copy of the AWC here.

Background Information

Nicholas Lorenzo has passed the following exams:

• General Securities Principal Examination – Series 24
• Registered Options Principal Examination – Series 4
• Securities Trader Exam – Series 57TO
• Securities Industry Essentials Examination – SIE
• National Commodity Futures Examination – Series 3
• Limited Representative-Equity Trader Exam – Series 55
• General Securities Representative Examination – Series 7
• Uniform Securities Agent State Law Examination – Series 63

Nicholas Lorenzo is a registered broker in Massachusetts and New York.

He has also worked for the following firms:

• CIBC World Markets Corporation (CRD#:630)
• Cantor Fitzgerald & Company (CRD#:134) 
• Citigroup Global Markets (CRD#:7059) 
• Santander Securities (CRD#:41791)
• Susqueanna Financial Group (CRD#:35865)
• Susqueanna Capital Group (CRD#:29337) 
• Prudential Equity Group (CRD#:7471)
• ING Barings (CRD#:6540)
• Hill Thompson Magid & Company (CRD#:2202) 

Kurta Law Can Help

If you worked with Nicholas Lorenzo and you have concerns about your investments, please contact us today at 877-600-0098 or info@kurtalawfirm.com for a free consultation.

For over 20 years, Kurta Law has advocated on behalf of investors who want to recover their investment losses from brokers and brokerage firms. Kurta Law is a nationally recognized law firm that exclusively represents investors against brokers and brokerage firms on a contingency basis. This means that the firm only earns a fee if our securities attorneys recover money on your behalf.