Robert Lorente is Facing a Quarter-Million Dollar Investor Dispute

Robert Lorente (CRD #: 1425180), a broker formerly registered with Aurora Securities, is the subject of an investor dispute. This disclosure appears on his BrokerCheck record, accessed on November 16, 2023. Investor should know that this is the second dispute on his record. 

On October 20, 2023, an investor alleged that Robert Lorente recommended three unsuitable REITs purchased in 2019. The investor further alleges negligence, misrepresentation, and common law fraud. 

The investor is seeking $250,000. 

FINRA Rule 2111 – Unsuitable Investments 

FINRA Rule 2111 defines suitable investments as securities that fit an investor’s profile. Investor profiles have information on the investor’s age, risk tolerance, tax status, investing experience, and financial goals. Investments that do not take these factors into account may be unsuitable. This rule also prohibits overconcentration, as placing too much of a portfolio in a single sector exposes the investor to unnecessary risk. 

Negligence

Many types of broker misconduct may qualify as negligence. Typical examples include unsuitable investment recommendations, misrepresentations or omissions of material fact, and failure to follow instructions.

Investors who believe their losses are the result of broker negligence may be able to recover their funds through FINRA arbitration.

Background Information 

Robert Lorente has passed the following exams: 

• Series 63 Uniform Securities Agent State Law Examination 
• SIE – Securities Industry Essentials Examination 
• Series 7 General Securities Representative Examination 
• Series 10 General Securities Sales Supervisor – General Module Examination 
• Series 9 General Securities Sales Supervisor – Options Module Examination 
• Series 24 General SEcurities Principal Examination 
• Series 4 Registered Options Principal Examination 
• Series 8 General Securities Sales Supervisor Examination (Options Module & General Module) 

From 2014 to 2023, Robert Lorente registered with five firms: 

• Aurora Securities (CRD #: 46147) 
• Concorde Investment Services (CRD #: 151604) 
• Great Point Capital (CRD #: 114203) 
• Cambridge Investment Research (CRD #: 39543) 
• Concorde Investment Services (CRD #: 151604) 

Kurta Law Can Help

If you worked with Robert Lorente and 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.