FINRA Bars PFS Vice President Desiderio Torrez After Customer Complaint

Attorney Advising Disclaimer

After Primerica Regional Vice President Desiderio Elroy Torrez of Primerica Financial Services aka PFS Investments' San Diego branch received a customer complaint for recommending an outside product named Meso Healthy, LLC, FINRA opened an investigation into the alleged misconduct.

FINRA requested further information from Torrez pertaining to the complaint and ultimately opted to bar Torrez when he failed to produce all of the documents investigators sought for their investigation.

In 2021, PFS Investments filed a form notifying FINRA of Torrez's voluntary termination from the firm, disclosing several months later that a customer filed a complaint relating to Torrez's alleged recommendation of MESO Healthy, a CBD oil company in Chula Visa, California that has since closed.

Public records indicate that Torrez, whose BrokerCheck report (CRD #4759218) also lists AD Scalable Industries, Inc. as another of his business activities, has appeared in several filings over the past decade in the San Diego County Superior Court system, mainly small claims and contract-related; several of these cases indicate statuses of "pending - trial."

Other publicly available filings indicate that in 2020, Torrez incorporated another San Diego area business called DET Enterprises LLC; federal records indicate that shortly after its incorporation, DET Enterprises of San Diego took out a $14,375 loan under the federal Payroll Protection Program (PPP) instituted due to COVID. The loan was since forgiven in full.

If you invested with former Primerica / PFS Investments broker Desiderio Torrez of San Diego, or with any investment adviser or representative who unsuitably recommended investing in an outside business activity without firm approval, resulting in losses or other damages such as excessive commissions and fees, please call an experienced FINRA arbitration attorney at The Law Offices of Jonathan W. Evans & Associates at (800) 699-1881 for an investigation and consultation.

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