Robert Gerald Lorente (also known as Bob Lorente), of Northville, Michigan, a stockbroker previously registered with Great Point Capital LLC, is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested $250,000.00 in damages based upon allegations that Lorente breached his fiduciary duties, breached a contract, made the unsuitable investment recommendation of real estate investment trusts (REITs), made misrepresentations and omissions of material fact, and committed fraud when Lorente was associated with Great Point Capital LLC. FINRA Arbitration No. 23-01560 (May 26, 2023).
This is not the first time that Lorente has been referenced in an investor dispute concerning Lorente’s conduct in the securities industry. FINRA Public Disclosure shows that Lorente is also referenced in a customer initiated investment related FINRA securities arbitration claim that was settled for $12,000.00 in damages based upon allegations that Lorente breached a contract, was negligent, and made omissions and misrepresentations in connection with the sale of REITs during the time that Lorente was associated with Concorde Investment Services LLC. FINRA Arbitration No. 21-00922 (January 24, 2022).
Lorente was associated with Aurora Securities in Livonia, Michigan from August 24, 2022, to November 8, 2023, Concorde Investment Services LLC in Ann Arbor, Michigan from May 16, 2022, to August 4, 2022, Great Point Capital LLC in Northville, Michigan from January 4, 2019, to December 31, 2020, and Cambridge Investment Research Inc. in Livonia, Michigan from January 10, 2018, to February 1, 2019.
