Soreide Law Group is looking into possible investor claims against securities broker Desiderio Eloy Torrez (CRD: 4759218, San Diego, California). Particularly, FINRA sanctioned the securities broker, who worked for PFS Investments Inc. Allegedly, Torrez failed to cooperate with FINRA during its investigation into possible violations of FINRA rules. Here is a brief summary of FINRA’s allegations against Torrez.
Evidently, on December 20, 2022, FINRA issued Case: 2021072500701, sanctioning Desiderio Torrez for infractions. Specifically, Torrez was barred. Notably, this means that he cannot associate with FINRA-member entities as a securities broker or in other capacities. Particularly, FINRA alleged that Torrez did not provide documents and information to FINRA during its investigation into possible violations of FINRA rules.
Supposedly, FINRA investigated client complaints referenced by PFS Investments Inc. when it submitted a Form U5 relating to Torrez’s departure from the company. Notably, Torrez initially complied with FINRA’s request but refused to supplement his initial response to FINRA after being notified of missing information.
Also, on August 23, 2021, a PFS Investments Inc. client filed a complaint about Desiderio Torrez. Namely, the client alleged that Torrez made unsuitable recommendations. Because of this, the client allegedly sustained damages on over-the-counter equities. Therefore, the client requested $115,500 in compensation from PFS Investments Inc. or Torrez. However, the securities firm denied this complaint.
Did you suffer damages by investing with Desiderio Torrez? If so, you can contact Soreide Law Group at (888) 760-6552 and talk with a securities attorney about a potential recovery of your investment losses. Soreide Law Group, who has successfully recovered money for hundreds of investors across the United States, represents clients on a contingency fee basis and advances all costs. Torrez and brokerage firms Torrez worked for deny all allegations of sales practice violations.
Steven Graham (CRD 1977736) denies the allegations in a pending customer claim filed on August 11, 2026. The disclosure names Western International Securities as the firm, and the claim involves corporate bonds. No arbitrator has ruled on it. His BrokerCheck report also lists a settled bond dispute and a federal court matter from earlier years.
A claim filed on September 11, 2024 names Thomas Hamlin (CRD 2208505) over a 10% Senior Unsecured Note in iCap Fund III. Every disclosure on his BrokerCheck report involves an iCap private placement and names Somerset Securities as the firm. Each one settled, and a settlement is not an admission of wrongdoing.
Peter Po's most recent settlement came on June 28, 2026, when a corporate bond claim settled for $40,000. Po (CRD 3106974) appears in several settled customer disputes over corporate and high-yield bonds. The disclosures name NI Advisors or California Securities as the firm, and each matter ended in a settlement, not a finding.
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