(720) 599-3505

WARNING! Impending Investigation: ALEJANDRO A. TORRES and WELLS FARGO ADVISORS

SEARCH OUR BLOGS
27
May

WARNING! Impending Investigation: ALEJANDRO A. TORRES and WELLS FARGO ADVISORS

Posted by admin | 0 Comment

Alejandro A. Torres and Wells Fargo Advisors

Have you lost money with financial advisor Alejandro Ariel Torres from Hollywood and Miami, Florida?  We are investigating allegations made by FINRA, the Financial Industry Regulatory Authority, against Alejandro Torres.  FINRA alleges that Acevedo stole at least $59,600 from a 64-year old elderly widow.  FINRA barred Torres from the securities industry after he failed to respond to an investigation regarding these allegations.

According to FINRA’s allegations, in December 2013, Alejandro Torres solicited one of his clients at Wells Fargo Advisors to invest $75,000 in Towers Investments LLC, which was to be owned jointly by Torres and the client.  Instead of the using the money as capital as Torres represented to the investor, he deposited the money in his personal banking account and used it to pay his BMW car payments, auto repairs, meals, and veterinary bills.  FINRA alleges that Torres misappropriated at least $59,600 of the $75,000 given.

Alejandro A. Torres was a financial advisor and registered representative of Wells Fargo Advisors from January 2013 to January 2014.  He was also registered with BB&T Investment Services from February 2010 to January 2013, and with Global Strategic Investments from January 2014 to June 2014.  He worked out of branch offices in Hollywood, Miami, and Aventura, Florida.

Brokerage firms like Wells Fargo Advisors and BB&T Investment Services have a responsibility to adequately supervise all representatives who are registered through their firm.  Brokerage firms also must take steps to ensure that their financial advisors follow all securities rules and regulations, as well as internal firm policies.  When brokerage firms fail to adequately supervise their registered representatives, they may be liable for investment losses sustained by customers.

Israels & Neuman PLC is a securities and investment fraud law firm with offices in Denver, Colorado and the Seattle area.  We represent investors in FINRA arbitration proceedings in all 50 states, including investors in the Florida, as attorney David Neuman is licensed to practice law in Florida.  Our attorneys have represented over one thousand investors against many brokerage firms in the past, including Wells Fargo Advisors, LPL Financial, Merrill Lynch, Morgan Stanley, Smith Barney, Stifel Nicolaus & Company, UBS Financial Services, Oppenheimer, Charles Schwab, Ameriprise Financial Services, Raymond James Financial Services, ProEquities, Securities America, National Securities Corp., and many others.

 

If you invested with Alejandro Ariel Torres, Towers Investments LLC, Wells Fargo Advisors, BB&T Investment Services, or Global Strategic Investments, please Contact Us at 720-599-3505 for a free evaluation of your case.

Click to view:  Torres FINRA AWC

Click to view:  Torres BrokerCheck 5.27.15

Israels & Neuman, PLC is a private law firm and is not affiliated with any government or law enforcement agency. Any investigation referenced in this blog is independent in nature and is being conducted by our law firm privately, not in conjunction with any government or law enforcement agency. All information contained in this blog should be deemed statements of opinion derived from the author’s review of public records, not statements of fact. This blog is advertising material and does not create an attorney client relationship, nor does it constitute legal advice. Everyone’s situation is different and the question of whether or not you have a claim will vary on a case-by-case basis. In contingent representation, clients may still be liable for costs.
10.0David P Neuman

FREE CASE EVALUATION

DENVER: (720) 599-3505

SEATTLE: (206) 795-5798


Copyright © 2019 Israels Neuman, PLC. All Rights Reserved | Sitemap

Marketing Webmasters | Developed By TRIGUNS