How Investors Can Bring Claims Against Arthur Espinoza

According to a recent Letter of Acceptance, Waiver and Consent (AWC) with the Financial Industry Regulatory Authority (FINRA), Arthur Espinoza was barred from the industry. He was accused of engaging in an outside business activity away from his firm. He himself incorporated Life Solutions Inc. in or about March 2009. He operated it by himself for the purpose of buying and selling precious metals and coins as well as trading in securities. Espinoza convinced at least 10 investors, all seniors, to invest more than $325,000 with Life Solutions. Subsequently, Espinoza was not able to account for most of the money. He used the money on himself to buy a car and membership to a golf/yacht club. In July 2009, he opened a brokerage account on behalf of Life Solutions at FBS, on which he was the trader and agent. Between July 2009 and September 2015, he made 84 securities trades in this account totaling $417,505. He then transferred this money to various bank accounts, and used the money for himself. This is against securities rules and regulations.

According to his BrokerCheck report on FINRA’s website, he was registered with First Jersey Securities, Graystone Nash, Jonathan Alan & Co., FFP Securities, Nutmeg Securities, The Advisors Group, Ameritas Investment Corp and Freedom Investors Corp in Vero Beach, Florida from September 2005 until December 2014. He has two customer disputes against him. He is not licensed within the industry. If you invested money with Arthur Espinoza, please call our law firm in Chicago, Illinois to speak to an attorney for free. We may be able to help you recover your investment losses in the FINRA arbitration forum on a contingency fee basis. We do not make money unless you recover yours. The call to us is free with no obligation.

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