Investor Claims Esmeralda Espinoza Recommended Unsuitable Insurance Policies
Esmeralda Espinoza (CRD #:6198418), a broker formerly registered with First Financial Equity Corporation, is involved in an investor dispute, according to her BrokerCheck record, accessed on January 19, 2022.
According to the allegations filed on October 20, 2021, Esmeralda Espinoza sold an investor five separate Variable Universal Life (VUL) policies that the customer did not understand. VULs are quite complex, and brokers should make sure their investors understand the risks.
A broker must have exercised due diligence and have an adequate reason for believing that an investment will also be suitable or beneficial for the investor. Under FINRA Rule 2111, registered brokers may be held liable if they provide an unsuitable investment recommendation. FINRA requires that brokers consider their investor’s financial goals when they recommend investments.
Esmeralda Espinoza has passed the following exams:
- Series 63 – Uniform Securities Agent State Law Examination
- SIE – Securities Industry Essentials Examination
- Series 6 – Investment Company Products/Variable Contracts Representative Examination
Esmeralda Espinoza has also worked with the following firm:
- NyLife Securities (CRD#:14251)
Kurta Law Can Help
If you have worked with Esmeralda Espinoza and have concerns about your investments, don’t hesitate to contact us today at 877-600-0098 or email@example.com for a free consultation.
For nearly 20 years, Kurta Law has advocated for investors to recover their investment losses from brokers and brokerage firms. Kurta Law is a nationally recognized law firm and exclusively represents investors against brokers and brokerage firms on a contingency basis. This means that the firm only earns a fee if our securities attorneys recover money on your behalf.