Torres Jr. had allegations from customers (his wife’s cousin and other family members) of falsified customer documents and misappropriated funds. According to public records, the customers in this case were Torres Jr.’s wife’s cousin and other family members. Multiple family members made allegations of damage due to misappropriated funds, specifically CDs and Annuity fixed CDs. Three of these complaints have settled for the amounts of $190,000, $17,500.00 and $45,000.
At the time of the alleged misconduct, Torres Jr. was employed by Truist Investment Services, Inc. September 2024 Truist Investment Services terminated Torres Jr’s employment.
Did You Invest With Santiago Torres Jr.?
If you made investments with Santiago Torres Jr. you may have concerns about how your accounts were handled. It is important to review your records carefully and explore your legal options. Investors may wish to consult with a securities attorney to understand potential remedies available.
Silver Law Group represents investors in securities and investment fraud cases. Our lawyers are admitted to practice in New York and Florida and represent investors nationwide to help recover investment losses due to stockbroker misconduct. If you have any questions about how your account has been handled, call to speak with an experienced securities attorney. Most cases are handled on a contingent fee basis, meaning that you won’t owe us until we recover your money for you. Contact us today at (800) 975-4345 and let us know how we can help.