Desiderio Torrez, Formerly with PFS Investments
SAN DIEGO, CALIFORNIA
Israels & Neuman is reviewing allegations made against financial advisor Desiderio Torrez, formerly with PFS Investments (Primerica Financial) in San Diego, California. Our securities arbitration law firm is looking into a regulatory action that was initiated by FINRA against Desiderio Torrez. Mr. Torrez was barred by FINRA after he refused to fully cooperate with a FINRA investigation.
FINRA’s AWC discloses FINRA began its investigation surrounding a customer complaint made in August 2021. The complaint alleges that Torrez sold an investment in MESO Healthy, LLC. MESO Healthy LLC had its principal address in Chula Vista, California, but the LLC has been inactive since January 2022. After PFS Investments (Primerica Financial) learned of the customer complaint, it filed a form with FINRA that notified FINRA of the complaint. That led to the FINRA investigation.
Desiderio Torrez was registered with PFS Investments from 2005 to January 2021. He also was affiliated with Primerica Financial Services. Torrez worked in a San Diego, California office during his affiliations with PFS and Primerica.
Under FINRA’s regulations, Torrez was required to respond to FINRA investigations. When a broker fails to respond to a FINRA investigation, it is common that the broker gets expelled from the securities industry. Moreover, firms like PFS Investments must reasonably supervise his conduct.
Our firm is an investment fraud law firm that has represented over one thousand investors who lost money because of financial advisor misconduct. Although we have offices in Denver, Seattle, and Phoenix, we represent investors throughout the country, including investors in California.
View Torrez, Desiderio FINRA AWC
View Torrez, Desiderio BrokerCheck 12.21.22