Did you invest with financial advisor Steven McCormick in Simi Valley, California? Israels & Neuman is looking into claims made by FINRA against this advisor, who was affiliated of Woodbury Financial Services from March 2019 to January 2024 and with Osaic Wealth from January 2024 to October 2024. He was recently barred from the securities brokerage industry by FINRA after he refused to cooperate with a FINRA investigation.

According to FINRA’s Letter of Acceptance, Waiver, and Consent (AWC), McCormick was the subject of a complaint made to FINRA, which led to an investigation. He acknowledged the FINRA investigation but said he would not comply.

Steven P. McCormick was registered with Woodbury Financial Services and Osaic Wealth. He worked in Simi Valley, California and was also the subject of a 2021 tax lien and a 2017 customer complaint.

Brokerage firms must reasonably monitor their financial advisors. If the firm fails to do so, they could be liable for investor losses.

View FINRA AWC HERE

VIEW BROKERCHECK REPORT HERE

If you lost money with Steven McCormick, Woodbury Financial Services, or Osaic Wealth, contact the law firm of ISRAELS & NEUMAN at (616) 280-4303 or (206) 795-5798 for a Free evaluation of your case.

Did you invest with Santiago Torres, Jr., of Truist Investment Services in Willow Street, Pennsylvania? The securities and investment fraud law firm of Israels & Neuman is investigating claims made by FINRA (the Financial Industry Regulatory Authority) against this advisor. FINRA brought a complaint seeking to bar him from the securities industry.

FINRA began investigating Santiago Torres after he was terminated by Truist Investment Services. It was alleged that he misappropriated or stole money from customer accounts, many of whom were members of his extended family. He has yet to respond to FINRA’s complaint.

Santiago Torres was an advisor with Truist Investment Services from February 2021 to October 2024 in Willow Street and Wyomissing, Pennsylvania office. He has also been the subject of two other customer complaints.

FINRA Rule 8210 provides that advisors are required to respond to FINRA investigations. Additionally, under FINRA’s supervisory rules, securities brokerage firms must adequately supervise their representatives. If brokerage firms fail to provide sufficient supervision, the firms could be responsible for financial damages.

Our firm represents investors throughout the country who have lost money with financial advisors and brokerage firms.

You can find FINRA’s Complaint HERE

You can find Santiago Torres’s BrokerCheck Report HERE

If you lost money with Santiago Torres or Truist Investment Services, contact the law firm of ISRAELS & NEUMAN at (616) 280-4303 or (206) 795-5798 for a Free evaluation of your case.