Arthur Espinoza and Freedom Investors Corp.
Have you lost money with financial advisor Arthur Espinoza of Hartland, Wisconsin? We are investigating allegations made by FINRA, the Financial Industry Regulatory Authority, against Arthur Espinoza. FINRA barred Espinoza from the securities industry after he allegedly failed to adequately respond to an investigation, among other allegations. FINRA was investigating Espinoza regarding allegations that he set up a company called Life Solutions, Inc., which was purported to invest in securities, including precious metals and coins.
FINRA alleged that he raised at least $325,000 for Life Solutions, Inc., from at least 10 senior investors. The investments were undocumented. He opened up accounts with Interactive Brokers and Fidelity and traded over $400,000 between 2009 and 2015. Espinoza then transferred funds from these accounts to two personal accounts that he controlled. It was alleged that Espinoza failed to disclose this information to his brokerage firm, Freedom Investors Corp.
Arthur Espinoza was a financial advisor and registered representative of Freedom Investors Corp., Inc. from 2005 to December 2014. He worked at a branch office in Hartland, Wisconsin and Vero Beach, Florida. Espinoza has been the subject of at least two customer complaints.
Brokerage firms like Freedom Investors Corp. have a responsibility to adequately supervise all representatives who are registered through their firm. Brokerage firms also must take steps to ensure that their financial advisors follow all securities rules and regulations, as well as internal firm policies. When brokerage firms fail to adequately supervise their registered representatives, they may be liable for investment losses sustained by customers.
Israels & Neuman PLC is a securities and investment fraud law firm with offices in Denver, Colorado and the Seattle area. We represent investors in FINRA arbitration proceedings in all 50 states, including investors in Wisconsin and Florida. Our attorneys have represented over one thousand investors against many brokerage firms in the past, including Freedom Investors Corp., LPL Financial, Merrill Lynch, Morgan Stanley, Smith Barney, Stifel Nicolaus & Company, UBS Financial Services, Oppenheimer, Charles Schwab, Wells Fargo Advisors, Ameriprise Financial Services, Raymond James, ProEquities, Securities AmArthura, National Securities Corp., and many others.
Click to view: Espinoza FINRA AWC
Click to view: Espinoza BrokerCheck 6.17.16
HAVE YOU LOST MONEY WITH ARTHUR ESPINOZA OR FREEDOM INVESTORS CORP.?
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