brokerwatch

 

Who is Ted Lorenzen? | Cedar Brook Groups and Securities America

Ted Lorenzen (Theodore Stewart Lorenzen) is a partner at Cedar Brook Group. He has been a registered broker with Securities America since 2005. Ted has also been an investment adviser registered with Cedar Brook Group since 2018 and with Securities America Advisors since 2005.

 

Peiffer Wolf is currently investigating potential claims against Ted Lorenzen of Cedar Brook Group and Securities America for his recommendation of ARC NYC REIT and other unsuitable investments.

 

If you are/were a client of Ted Lorenzen, Contact Us Today by calling 585-310-5140 or by filling out an online contact form for a FREE Consultation.

Ted Lorenzen | Cedar Brook Group and Securities America

 

Lorenzen allegedly advised his clients to invest in ARC NYC REIT. Pitched as a way to provide investors with income and appreciation, ARC NYC REIT is promoted as “high-quality commercial real estate located within the five boroughs of New York City, particularly Manhattan.” Initially, NYC REIT was a non-traded REIT. Because it was not initially traded on an exchange, ARC NYC REIT was even less liquid than other REITs that trade on open exchanges. Investors believed that returns would be greater than 10% annually, but distributions stopped and there was a reverse stock split. To make matter worse, the initial public offering price was $25 per share, but that valuation has now plummeted below $12 per share.

 

According to FINRA’s BrokerCheck website for Public Disclosures, Ted Lorenzen is the subject of 5 disclosures:

 

  • June 2018 – Customer Dispute – Settled. Settlement amount: $100,000. Allegations include overconcentration, violations of FINRA Rules 2110 and 2111, negligence, and breach of fiduciary duty.
  • March 2012 – Customer Dispute – Settled. Settlement amount: $24,500. Allegations include sale of alternative investment, unsuitability, misrepresentation, omission of material fact, breach of fiduciary duty and fraud.
  • August 2010 – Customer Dispute – Settled. Settlement amount: $2,761,026.27. Allegations include “fraud, negligence, misrepresentation and omission of material facts, and violations of FINRA Rules.”
  • January 2010 – Customer Dispute – Settled. Settlement amount: $1,479,386.47. Allegations include “negligence, negligent misrepresentations, breach of fiduciary duty, violations of Ohio Sky laws, and aiding and abetting fraud.”
  • December 2009 – Customer Dispute – Settled. Settlement amount: $135,000. Allegations “misrepresentation, fraud, negligence and breach of fiduciary duty.”

 

Prior to Securities America, Ted Lorenzen was a broker registered with Lincoln Financial Advisors Corporation, The Lincoln Financial Life Insurance Company, The Prudential Insurance Company of America, and Pruco Securities Corporation. Prior to Cedar Brook Group and Securities America Advisors, Lorenzen was an investment adviser registered with Lincoln Financial Advisors Corporation.

 

If you invested with Ted Lorenzen of Cedar Brook Group and Securities America, contact Peiffer Wolf immediately for a FREE Consultation.

 

To review Ted Lorenzen’s BrokerCheck report, click here:

https://brokercheck.finra.org/individual/summary/2044769

*BrokerCheck is run by the Financial Industry Regulatory Authority, Inc. (FINRA)

Ted Lorenzen Investigation

Financial advisors (brokers) have a legal obligation and regulatory obligation to recommend only suitable investments that are appropriate for their individual clients. Their broker-dealer (employing brokerage firm) has a legal obligation and regulatory obligation to supervise the financial advisor’s sales practices and dealings with clients. To the extent that any of these duties are breached, the customer may be entitled to a recovery of his or her investment losses.

 

Based on our experience, we believe that there are more investors who have been the victims of Lorenzen’s alleged broker misconduct and investment fraud. If you invested with Ted Lorenzen of Cedar Brook Group and Securities America, contact Peiffer Wolf immediately for a FREE Consultation. 585-310-5140.

Get a FREE case Evaluation.

"*" indicates required fields

Name*
Hidden
Hidden
Hidden
Hidden
Hidden
Hidden
Hidden
Hidden
Hidden
This field is for validation purposes and should be left unchanged.

Brokercheck®️ report: Ted Lorenzen

Information about this broker was obtained from FINRA’s BrokerCheck on November 24, 2020. You should always review the BrokerCheck report directly for the most updated information. If you believe that information on this page is incorrect, please contact us.

FREE Consultation | 585-310-5140

 

Peiffer Wolf is currently investigating claims for anyone who has invested with Ted Lorenzen of Cedar Brook Group and Securities America. If you or someone you know invested with Ted Lorenzen, Contact Us Today by calling 585-310-5140 or by filling out an online Contact Form for a FREE Consultation.

If you invested with Ted Lorenzen, Contact us Today for a FREE Case Evaluation.

Call Us Now