Santiago Torres Jr. – Investor Lawsuits, Featured by Top Securities Fraud Attorneys at The White Law Group
The White Law Group is investigating potential securities lawsuits involving former Truist Investment Services advisor Santiago Torres Jr. (CRD#: 5644622) after he was barred by FINRA in January 2025.
Santiago Torres Jr. Barred by FINRA
According to the Financial Industry Regulatory Authority (FINRA), Torres was permanently barred from the securities industry on January 31, 2025. The regulator alleged that Torres:
- Failed to provide documents and information requested by FINRA.
- Refused to appear for on-the-record testimony.
- Was under investigation for the alleged misappropriation of client funds and falsification of customer documents.
The investigation reportedly began after Truist disclosed a customer lawsuit alleging that Torres misappropriated funds from firm customers, including family members.
Customer Complaints and Settlements
- September 2024: $45,000 settlement – allegation of misappropriation of funds starting in 2018.
- August 2024: $17,500 settlement – customer alleged misappropriation from 2018 to 2024.
- August 2024: $190,000 settlement – customer alleged misappropriation of family members’ funds.
Torres was also terminated by Truist Investment Services in September 2024 after allegations of misappropriation and falsification of client documents.
Employment History
- Truist Investment Services, Inc. – Willow Street, PA (2021–2024)
- BB&T Securities, LLC – Richmond, VA (2018–2021)
- BB&T Investment Services, Inc. – Wyomissing, PA (2017–2018)
- PNC Investments – Willow Street, PA (2010–2016)
- Chase Investment Services Corp. – Ewing, NJ (2009–2010)
Failure to Supervise – Brokerage Firm Liability
Brokerage firms like Truist have a legal duty to supervise their financial advisors. If a firm fails to properly monitor an advisor’s conduct, it can be held responsible for investor losses through a FINRA arbitration claim.
Lawsuit Options for Investors
- FINRA Arbitration – Generally preferred for larger claims, often exceeding $100,000.
- Class Action Lawsuits – More suitable when many investors suffered smaller losses.
FINRA Claims Against Truist
The White Law Group is pursuing potential FINRA claims against Truist Investment Services for its alleged failure to supervise Torres. If you invested with him and suffered financial harm, you may have legal recourse.
Frequently Asked Questions (FAQs)
1. What happened to Santiago Torres Jr.?
FINRA permanently barred Torres in January 2025 after he allegedly failed to cooperate with its investigation into misappropriation of client funds and falsified documents.
2. How many lawsuits or complaints have been filed against Santiago Torres Jr.?
According to FINRA records, Torres has at least three customer disputes on file, all of which were settled for a combined total exceeding $250,000.
3. Can I sue Truist for losses caused by Santiago Torres Jr.?
Yes. Investors may be able to file a FINRA arbitration claim against Truist Investment Services if the firm failed to properly supervise Torres.
4. What is the difference between a FINRA claim and a class action lawsuit?
A FINRA claim is an individual arbitration case brought directly against a broker or firm, while a class action combines many small claims. Most investment fraud cases are better pursued in FINRA arbitration.
5. How can The White Law Group help me?
Our attorneys have handled over 800 FINRA arbitration cases nationwide. We represent investors in recovering losses caused by broker misconduct, fraud, and failure to supervise.
Free Consultation with Securities Attorneys
If you invested with Santiago Torres Jr. and believe you may have suffered losses, contact The White Law Group for a free consultation at (888) 637-5510.
With offices in Chicago, IL and Seattle, WA, our firm represents investors nationwide in securities fraud lawsuits and FINRA arbitration claims.
Last modified: August 21, 2025
