Tag Archives: Laurence M. Torres

Laurence M. Torres -Former Alexander Capital/First Standard Financial Stockbroker Accused of High Pressure Sales

MAY 2018 UPDATE-LAURENCE TORRES BARRED FROM SECURITIES INDUSTRY-ACCUSED OF HIGH PRESSURE SALES. See this for details.

ORIGINAL POST May 2016- Staten Island, NY

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.

According to FINRA records,  Laurence M. Torres discloses 3 pending customer disputes

  • A claim brought in March 2016 alleges damages of $99,999 for churning, unsuitability, breach of fiduciary duty and fraud.
  • FINRA Case 15-2541 alleges damages of $400,000 for unsuitability, breach of fiduciary duty, common law fraud and breach of contract.
  • FINRA case 15-2147 alleges damages of between $25,000 and $49,999 for failure to follow instructions, customer did not understand the use of margin borrowing and unsuitable investments.

According to FINRA records, Torres  has been registered with First Standard Financial  since 10/2014.  He was registered with Alexander Capital from 6/2012-10/2014 and prior to that with Brookstone Securities from  10/2009-6/2012.

If you have losses in an account handled by Laurence M. Torres contact us 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.

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Rex Securities Law

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