Laurence M. Torres, of Staten Island, New York, a stockbroker with First Standard Financial Company LLC, is subject to a customer dispute from March 22, 2016, in which the customer requested damages of $99,999.00 based upon the allegation that Torres engaged in unsuitable investment practices, breached his fiduciary duty to the customer, and churned the customer’s account.
FINRA Public Disclosure records also reveal that Torres is subject to a pending customer dispute from October 16, 2015, in which the customer has requested $25,000.00 in damages after alleging that Torres made unsuitable recommendations in the customer’s investment account. Additionally, on October 13, 2015, Torres became subject to a pending customer dispute in which the customer requested $400,000.00 in damages after he was alleged by the customer to have over-concentrated the customer’s assets in speculative investments.
Guiliano Law Group
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