Alejandro Ariel Torres (Alejandro Torres), Financial Advisor Barred from Securities Industry | Goodman and Nekvasil May Recover Investors Losses
FINRA reports that Alejandro Torres was barred due to the entry of findings that he converted at least $59,600 from his member firm’s customer – 64-year-old widow. Allegedly Alejandro Torres approached the widowed client with a purported partnership opportunity in his start-up venture, Towers Investments. According to FINRA, the widow gave Alejandro Torres a check for $75,000 which he deposited into an account opened for the start-up. Alejandro Torres had exclusive access to the account, and allegedly used at least $59,600 to pay for personal expenses, including a BMW car. FINRA reports that to conceal his misconduct Alejandro Torres had arranged to have all bank statements for the Towers Investments account sent to him and not the client. According to Bank Investment Consultant, Alejandro Torres received the check in December 2013 while employed at Wells Fargo. However, he was employed by Global Strategic Investments when he allegedly began converting the funds. In addition to a permanent bar from the securities industry, Mr. Torres was ordered to repay the money he spent.
Kalju Nekvasil, Esq., formerly regional counsel with the NASD, now known as FINRA, has practiced in this area of the law for more than 35 years. We would like to discuss the possibility of your retaining our firm to represent you in an arbitration action.
If you lost any money on investments with Alejandro Torres, you may be able to recover your losses from Global Strategic Investments, LLC, Wells Fargo Advisors, LLC and/or BB&T Investment Services, Inc. This is because Global Strategic Investments, LLC, Wells Fargo Advisors, LLC and BB&T Investment Services, Inc had a duty to supervise Alejandro Torres.
Goodman & Nekvasil, P.A., has filed hundreds of cases against brokerage firms selling high-risk investments and has recovered more than $180 million dollars on behalf of victimized investors. We allege in these cases that these investment recommendations were unsuitable for our clients in view of their financial situation, needs and investment objectives. All our cases are handled on a purely contingency fee basis.
There is no charge for an evaluation of your case. Further, we handle our cases on a contingency fee basis. This means that unless we recover money for you, we charge no attorney’s fee. Unless you recover any money, you pay us nothing, not even the costs and expenses which the firm will advance on your behalf. Finally, the filing of such a case should not affect your ownership of these investments in any way.
If you incurred losses on your investment with Alejandro Torres and would like your case evaluated by a securities attorney (again, there is no charge for an evaluation and all cases are handled on a purely contingency fee basis), please contact us.