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Eddy Torriente-Comerica Securities Broker- Subject of $50M Unauthorized Trading Suit- Scottsdale, AZ

Eddy Torriente-Comerica Securities Broker- Subject of $50M Unauthorized Trading Suit- Scottsdale, AZ

Eddy Torriente-Comerica Securities Broker- Subject of $50M Unauthorized Trading Suit- Scottsdale, AZ 150 150 Rex Securities Law

William Torriente Investigation

November 2021- Mt. Dora, Florida

According to publicly available records,  William “Eddy” Torriente, Jr. ,  a financial advisor previously employed by Comerica Securities, discloses two pending customer disputes.

The Financial Industry Regulatory Authority (FINRA) is the agency that licenses and regulates stockbrokers and brokerage firms. FINRA requires brokers and brokerage firms to report customer complaints and disputes as well as regulatory sanctions. In addition brokers are required to disclose certain financial matters such as personal bankruptcies, judgments and liens.

In 3/2021 a customer of Comerica Securities filed FINRA case 21-671 alleging that Torriente violated the Arizona Securities Act, made unauthorized trades relating primarily to an option transaction in April 2020 that resulted in a short position causing damages of $500,000. This matter is currently pending.

In 3/2021 a customer of Comerica Securities filed FINRA case 21-658 alleging the Torriente violated the Arizona Securities Act and made unauthorized trades in options, equities and exchange traded funds (ETF). The customer is seeking damages of $50 million in this currently pending matter.

Torriente was employed by Comerica Securities from 19/2009 until 10/2020 when he voluntarily resigned.  Comerica made the following allegation on Torriente’s FINRA record: “placed transactions in client accounts that the clients were not aware of”.

If you have questions about an investment account with William “Eddy” Torriente , call to learn how you may be able to recover damages through FINRA arbitration.

Rex Securities Law , with offices in Boca Raton, FL,  and  Austin, TX,   provides representation to  investors  nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers and broker dealers. If you have questions about how your account has been handled, call to speak with an experienced securities attorney.

Most cases handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.

Nationwide Representation

Rex Securities Law

TollFree: 877-224-3199

Florida-561 391 1900 

Texas-512-329-2870

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