Lorenzo Esteva Fired by UBS Financial Services, Inc. – Goodman & Nekvasil P.A, May Recover Investor Losses

Goodman & Nekvasil P.A, May Recover Investor Losses - Lorenzo Esteva Fired by UBS Financial Services, Inc.

From 2015 until Lorenzo Esteva’s firing in 2017, Lorenzo Esteva worked for UBS Financial Services, Inc. Lorenzo Esteva previously worked for Merrill Lynch, Pierce, Fenner & Smith Incorporated. According to FINRA’s records, Lorenzo Esteva was fired by UBS Financial Services, Inc. on June 6, 2017. UBS Financial Services, Inc. reported to FINRA that Lorenzo Esteva was fired after Lorenzo Esteva admitted to providing a client with documents containing false account information. UBS Financial Services, Inc. reports that further investigation found that Lorenzo Esteva (1) provided at least one more client with documents containing false account information and (2) improperly journaled money between unrelated client accounts.

Following Lorenzo Esteva’s firing by UBS Financial Services, Inc. FINRA investigated Lorenzo Esteva and brought a disciplinary action against Lorenzo Esteva. Lorenzo Esteva was permanently barred from the securities and investment banking industry on September 11, 2017. Lorenzo Esteva consented to the sanction and to the entry of findings that Lorenzo Esteva failed to produce FINRA-requested documents and information as part of an investigation into customer complaints that Lorenzo Esteva provided falsified account statements to a customer from 2001 to 2017 and that Lorenzo Esteva improperly journaled funds between accounts of two unrelated customers.

FINRA reports that a complaint was filed involving Lorenzo Esteva’s conduct with Merrill Lynch, Pierce, Fenner & Smith Incorporated, alleging unauthorized trading and misrepresentation. This complaint was settled for $69,552.

FINRA also reports that two complaints involving Lorenzo Esteva’s conduct with Merrill Lynch, Pierce, Fenner & Smith Incorporated and/or UBS Financial Services, Inc. are currently pending. These claims allege falsification of documents and signatures, unauthorized actions, and/or that Lorenzo Esteva provided false account statements.

If you lost any money on investments with Lorenzo Esteva while Lorenzo Esteva was employed with Merrill Lynch, Pierce, Fenner & Smith Incorporated and/or UBS Financial Services, Inc. you may be able to recover your losses from Merrill Lynch, Pierce, Fenner & Smith Incorporated and/or UBS Financial Services, Inc. This is because Merrill Lynch, Pierce, Fenner & Smith Incorporated and UBS Financial Services, Inc. had a duty to supervise Lorenzo Esteva.

Assuming you lost money on investments with Lorenzo Esteva and believe the investments may have been unsuitable or otherwise improper for you, we would like to discuss the possibility of your retaining our firm to represent you in an arbitration action against Merrill Lynch, Pierce, Fenner & Smith Incorporated and/or UBS Financial Services, Inc. concerning Lorenzo Esteva’s conduct. There is no charge for an evaluation of your case. Further, we handle our cases on a contingency fee basis. This means that unless we recover money for you, we charge no attorney’s fee. Unless you recover any money, you pay us nothing, not even the costs and expenses which the firm will advance on your behalf.

Our firm has a unique, unparalleled track record. Kalju Nekvasil, Esq., has not lost a securities arbitration case in more than 13 years. We would like to discuss the possibility of your retaining our firm to represent you in an arbitration action against Merrill Lynch, Pierce, Fenner & Smith Incorporated and/or UBS Financial Services, Inc.

If you lost money on investments with Lorenzo Esteva and would like your case evaluated by a securities attorney (again, there is no charge for an evaluation and all cases are handled on a purely contingency fee basis), please contact us.

 

Keywords: Lorenzo Esteva, Esteva, UBS Financial, Merrill Lynch, FINRA, SEC, Fraud, Attorney, Broker, Brokerage, Firm, Brokerage Firm, Invest, Lawyer, Securities Lawyer, Goodman and Nekvasil, Nekvasil, Goodman, Investor, Investment, Financial, Financial Services, Securities, 

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