Who is Victor Torres? Broker Victor Torres is a financial advisor with Equitable Advisors in Fort Lauderdale, specializing in variable insurance-related securities. He has faced multiple customer complaints concerning variable life insurance policies marketed as tax shields. If you have investment losses due the actions of broker Victor Torres, contact the investment loss attorneys KlaymanToskes by calling +1 (888) 997-9956 or request a free case evaluation to determine if you are eligible for recovery.
National investment loss lawyers KlaymanToskes is investigating broker Victor Torres (CRD #5919902) of Equitable Advisors.
According to FINRA BrokerCheck, Victor Torres of Equitable Advisors is facing two pending customer complaints alleging $200,000 in collective investor damages and that he unsuitably recommended and sold variable life insurance policies as tax shields.
Investors that suffered losses with broker Victor Torres are encouraged to contact attorney Lawrence L. Klayman, Esq., at 888-997-9956 or by email at investigations@klaymantoskes.com to discuss potential recovery options. We do not collect attorney’s fees unless we are able to obtain a financial recovery for you.
Victor Torres, a broker registered with Equitable Advisors in Fort Lauderdale, Florida, has multiple investor complaints disclosed on his FINRA BrokerCheck report. Two complaints filed in October 2024 allege unsuitable recommendations regarding variable life insurance policies sold as tax shields. The complaints allege damages of $150,000 and $50,000 respectively.
A 2021 complaint involving Torres’ activities at Equitable Advisors alleged an unsuitable variable insurance policy recommendation. This complaint reached a settlement of $13,336 in favor of the investor. A comment included with the disclosure indicates the firm found no basis for the complaint but refunded the client’s premiums.
Torres’ BrokerCheck report also includes a 2013 disclosure regarding his departure from Northwestern Mutual Investment Services. The disclosure states he voluntarily resigned while under internal review regarding allegations of failing to disclose material underwriting information on clients’ applications for non-variable insurance.
Torres has seven years of securities industry experience and has been registered with Equitable Advisors since 2018. His previous registrations include Equity Services, SagePoint Financial, and Northwestern Mutual Investment Services.
As an investor, there are a few signs that you should look out for if you believe you may have a claim against your financial advisor. These signs could potentially indicate misconduct, negligence, or investment fraud. Investors are encouraged to contact our firm immediately if you have experienced any of the following:
Some investors have close relationships with their brokers due to the time and trust built over the course of their investment relationship. However, it is crucial to remember that financial decisions should be based on careful analysis and due diligence rather than solely relying on personal relationships.
Engaging the services of an experienced securities attorney to evaluate your specific circumstances is strongly advised. At KlaymanToskes, our team of experienced securities attorneys has a deep understanding of this complex area of law, allowing us to provide invaluable insight and tailored guidance that directly addresses your individual needs.
If you suffered losses with broker Victor Torres, or have concerns regarding your investment portfolio at Equitable Advisors, or with any other financial advisor or firm, contact KlaymanToskes at 888-997-9956 or fill out a short contact form for a free and confidential consultation.