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.

Did you invest with financial advisor Ceondre Colvin in Pittsburgh, Pennsylvania? Israels & Neuman is looking into claims made by FINRA against this advisor, who was a representative of NYLife (New York Life) Securities. In November 2024, he was barred from the securities brokerage industry by FINRA after he refused to cooperate with a FINRA investigation.

Colvin was under investigation after a customer complaint alleged that he made unauthorized withdrawals from two customers’ accounts to pay for personal expenses. New York Life already settled two cases involving this advisor, one for over $95,000 and another for over $8,000.

Ceondre Colvin was registered with NYLife Securities from September 2022 to June 2024. He worked in Pittsburgh, Pennsylvania.

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

FINRA’s AWC Regarding Ceondre Colvin can be found HERE

Ceondre Colvin’s BrokerCheck Report can be found HERE

If you lost money with Ceondre Colvin or NYLife Securities, contact the law firm of ISRAELS & NEUMAN at (616) 280-4303 or (206) 795-5798 for a Free evaluation of your case.

CANONSBURG, PENNSYLVANIA Did you lose money with financial advisor Christopher Reynolds, formerly with Pruco Securities in Canonsburg, Pennsylvania? The securities fraud law firm of Israels & Neuman is reviewing claims made by FINRA against this advisor. FINRA barred him from the securities industry in August 2024.

FINRA alleged that Christopher Reynolds forged client signatures for three customers on 11 documents. He allegedly did so for at least two customers without authorization or knowledge of the clients. He also made recommendations to withdraw money from annuities in violation of Regulation Best Interest, according to FINRA’s complaint.

From September 2021 to January 2023, Christopher Reynolds was a representative of Pruco Securities. He was also previously licensed with Wesbanco Securities. He worked in a Canonsburg, Pennsylvania office.

Israels & Neuman is an investment fraud law firm that represents clients throughout the U.S., including investors in Pennsylvania. We also have previously represented thousands of investors against dozens of securities brokerage firms around the country.

VIEW FINRA AWC HERE. VIEW BROKERCHECK REPORT HERE.

If you lost money with Christopher Reynolds or Pruco Securities, please Contact Us at 206-795-5798 for a free evaluation of your case.

CONSHOHOCKEN, PENNSYLVANIA Are you a former customer of financial advisor Joel Freedman from West Conshohocken, Pennsylvania? The securities and investment fraud law firm of Israels & Neuman is reviewing allegations made against Joel Freedman, who was fired by his brokerage firm, Morgan Stanley in March 2024.

The firm fired the advisor after it was alleged that he engaged in discretionary trading in a customer account without written authorization to do so. Freedman also failed to timely notify Morgan Stanley of this complaint. The customer eventually settled the case for $1.3 million.

Joel Freedman had been with Morgan Stanley from 2009 to March 2024. He worked in a West Conshohocken, Pennsylvania branch office and had been in the securities industry since 1996.

Morgan Stanley is a FINRA member firm and must have written supervisory and compliance procedures, under securities rules and regulations. If brokerage firms fail to reasonably supervise their advisors, they may be liable for customer losses.

Our firm has represented numerous investors throughout Pennsylvania and have sued dozens of brokerage firms in the past, recovering millions of dollars for our clients.

View BrokerCheck report here.

If you lost money with Joel Freedman or Morgan Stanley, please Contact Us at 206-795-5798 for a free evaluation of your case.

LANCASTER, PENNSYLVANIA Have you invested with financial advisor Cynthia Beyerlein from Lancaster, Pennsylvania? She was suspended for eight months by FINRA. FINRA began its investigation of Beyerlein after she was fired by her brokerage firm, Ameriprise Financial Services. She was under internal investigation by Ameriprise Financial Services, regarding allegations that she borrowed $190,000 from a customer. Financial advisors generally cannot borrow money from clients, with limited exceptions, and the advisor must get prior approval to borrow money from clients.

Cynthia Beyerlein held her securities license with Ameriprise Financial Services from April 2014 to March 2023, and later went to Kingswood Capital Partners. She worked in Lancaster, Pennsylvania.

Under FINRA Rule 3240, an advisor can borrow from a customer but only under certain circumstances. Likewise, under FINRA Rule 3111, Brokerage firms are required to have written supervisory and compliance procedures. If Ameriprise failed to reasonably supervise its advisors, it may be liable for customer losses.

Our firm has represented numerous investors throughout Pennsylvania and have sued dozens of brokerage firms in the past, including Ameriprise Financial Services.

View BrokerCheck Report here. View BrokerCheck Report here.

If you lost money with Cynthia Beyerlein or Ameriprise Financial Services, please Contact Us at 206-795-5798 for a free evaluation of your case.