Public records published by the Financial Industry Regulatory Authority (FINRA) on July 16, 2018 indicate that Ohio-based Securities America broker/adviser Theodore Lorenzen has been involved in received resolved or pending customer disputes. Fitapelli Kurta is interested in hearing from investors who have complaints regarding Mr. Lorenzen (CRD# 2044769).

Theodore Lorenzen has spent 28 years in the securities industry and has been registered with Securities America in Mayfield Heights, Ohio since 2005. Previous registrations include LIncoln Financial Advisors Corporation in Fort Wayne, Indiana (1993-2005); the Lincoln National Life Insurance Company in Fort Wayne, Indiana (1993-2005); Pruco Securities Corporation in Newark, New Jersey (1990-1993); and the Prudential Insurance Company of America in Newark, New Jersey (1990-1993). He has passed four securities industry examinations: Series 63 (Uniform Securities Agent State Law Examination), which he obtained on September 28, 1994; Series 31 (Futures Managed Funds Examination), which he obtained on January 30, 2012; Series 7 (General Securities Representative Examination), which he obtained on July 28, 2003; and Series 6 (Investment Company Products/Variable Contracts Representative Examination), which he obtained on May 18, 1990. He is a registered broker and investment adviser with ten US states and territories: Arizona, California, Colorado, Florida, Indiana, Kansas, Michigan, North Carolina, Ohio, and South Carolina.

According to his BrokerCheck report, he has received four customer complaints and one pending customer complaint.

In June 2018 a customer alleged Theodore Lorenzen, while employed at Securities America, breached his fiduciary duty, acted negligently, violated FINRA rules, and unsuitably over-concentrated his assets in variable annuities. The customer is seeking unspecified damages in the pending complaint.

In 2012 a customer alleged Theodore Lorenzen, while employed at Securities America, misrepresented and omitted material facts, breached his fiduciary duty, committed fraud, violated state and federal securities laws, and recommended an unsuitable alternative investment. The complaint settled for $24,500.

In 2010 a customer alleged Theodore Lorenzen, while employed at Securities America, committed fraud, acted negligently, misrepresented and omitted material facts, and violated FINRA rules. The complaint, from which he was dismissed, settled in 2011 for more than $2,761,000.

In 2009 a customer alleged he, while employed at Securities America, misrepresented material facts, breached his fiduciary duty, acted negligently, aided and abetted fraud, and violated Ohio blue sky laws. The complaint settled for more than $1,479,000.

In 2009 a customer alleged he, while employed at Securities America, misrepresented material facts, committed fraud, breached his fiduciary duty, acted negligently, and recommended an unsuitable investment in Medical Capital. The complaint settled for $135,000.

If you have lost money investing with Theodore Lorenzen, you may be entitled to recoup your losses. Call Fitapelli Kurta at 877-238-4175 for a free consultation. All cases are taken on a contingency basis, which means we only get paid if and when you collect money. Time to file your claim may be limited, so we encourage you to avoid delay. Call 877-238-4175 now to speak to an attorney for free.