Investor Alert: FINRA Barred John L. Torres indefinitely for not following FINRA rules

Furgison Law Group is looking into potential cases against J.P. MORGAN for claims related to misconduct by John L. Torres

FINRA Sanctions & Allegations of Misconduct 

FINRA banned John Luis Torres (CRD#6322231) of J.P. MORGAN CHASE BANK and JP Morgan Securities LLC, of Northridge, California indefinitely for failing to respond to FINRA requests for information within three months of the date of the Notice of Suspension. As a result, Torres was barred from association with any FINRA member in all capacities.

John Luis Torres has other red flags reported on his regulatory file

The CRD Report of John L. Torres includes the disclosure of three (3) other customer complaints. These types of complaints are serious red flags that give evidence of a pattern of unsuitable investment recommendations to generate commissions and income for themselves, at the expense of clients. 

According to the CRD Report, customers allege misrepresentations and aiding and abetting the theft of their funds; that the representative opened a bank account in the name of the third-party business into which the customers' funds were deposited; and that the customer funds were subsequently misappropriated by the third-parties who solicited the investment.

John Torres was terminated by JP Morgan Chase Bank in 2018.

Investors Have the Right to Recover Their Losses

When investments are sold by brokerage firms licensed by FINRA, they are subject to the laws that FINRA enforces. The brokerage firms are responsible for ensuring that their brokers are trading fairly, ethically and in the best interest of their clients. Ideally, they would accomplish this through careful supervision. Unfortunately, too often this supervision has been inadequate to fully protect investors. If you purchased any investments through a representative of a registered brokerage firm and suffered losses through negligence or fraud, it immediately puts the brokerage firm at fault for failing to supervise their broker. FINRA law then dictates that you can hold the firm legally liable to recover your damages.

Can I recover my investment losses?

If you lost a substantial portion of your retirement savings or other assets as a result of investments purchased through John Luis Torres or J.P. Morgan Chase Bank, or J.P. Morgan Securities LLC, please contact us immediately. Our investment fraud lawyers have recovered millions of dollars from the largest banks, insurance companies and brokerage firms in the world on behalf of investment fraud victims. You may have certain legal rights that require your immediate attention. Time is of the essence in these claims. The sooner you act, the greater your chances of recovering your investment losses. Don't wait. Contact us TODAY for a FREE Consultation and case evaluation. We will tell you if you have a viable claim worth pursuing.