There are options for clients of Equitable Advisors, LLC broker Victor Torres (CRD# 5919902) who lost money due to unsuitable investment recommendations. He has been registered with Equitable Advisors, LLC in Ft. Lauderdale, Florida, since 2018. He was previously registered with Equity Services, Inc. in Sunrise, Florida, from September to October 2018, and Sagepoint Financial, Inc. in Phoenix, Arizona, from 2015 to 2016. He was registered with Northwestern Mutual Investment Services, LLC in Milwaukee, Wisconsin, from 2012 to 2013, when he was terminated regarding, “representative resigned while under internal review for allegedly failing to disclose material underwriting information on his clients’ applications for non-variable insurance.”
Victor Torres Customer Complaints
He has been the subject of six customer complaints between 2021 and 2025, according to his CRD report:
December 2025. “Claimant alleges unsuitability and misrepresentation by the RR in connection with a VUL policy purchased in 2022.” The customer is seeking $500,000 in damages, and the case is currently pending. The complaint was regarding insurance losses. The complaint took place while he was registered with Equitable Advisors, LLC.
December 2025. “Claimants allege unsuitability and misrepresentation by the RR in connection with VUL policies purchased in 2020 and 2021.” The customer is seeking $1,000,000 in damages, and the case is currently pending. The complaint was regarding insurance losses. The complaint took place while he was registered with Equitable Advisors, LLC.
November 2025. “Claimants allege unsuitability and misrepresentation by the RR in connection with two VUL policies purchased in 2023 and 2024.” The customer is seeking $100,000 in damages, and the case is currently pending. The complaint was regarding insurance losses. The complaint took place while he was registered with Equitable Advisors, LLC
October 2024. “Claimants allege unsuitable recommendations with respect to two variable life insurance policies sold by RR Torres as tax shields.” The customer is seeking $150,000 in damages, and the case is currently pending. The complaint was regarding insurance losses. The complaint took place while he was registered with Equitable Advisors, LLC.
October 2024. “Claimant alleges unsuitable recommendations with respect to a variable life insurance policy sold by RR Torres as a tax shield.” The customer is seeking $50,000 in damages, and the case is currently pending. The complaint was regarding insurance losses. The complaint took place while he was registered with Equitable Advisors, LLC.
September 2021. “The client alleges the RR sold them an unsuitable variable insurance policy in 2021.” The case was settled for $13,336. The complaint was regarding insurance losses. The complaint took place while he was registered with Equitable Advisors, LLC.
Pursuant to FINRA Rules, member firms are responsible for supervising a broker’s activities during the time the broker is registered with the firm. Therefore, Equitable Advisors, LLC may be liable for investment or other losses suffered by Victor Torres’ customers.
Erez Law represents investors in the United States for claims against brokers and brokerage firms for wrongdoing. If you have experienced investment losses, please call us at 888-840-1571 or complete our contact form for a free consultation. Erez Law is a nationally recognized law firm representing individuals, trusts, corporations and institutions in claims against brokerage firms, banks and insurance companies on a contingency fee basis.
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