- February 28, 2022
- NY Life Securities
Former NY Life Broker Esmeralda Espinoza Has Insurance Related Customer Complaint
She entered the securities industry in 2015 and previously worked for First Financial Equity Corporation; and NYLife Securities, LLC.
Current And Past Allegations Of Conduct Leading To Investment Loss
According to publicly available records released by the Financial Industry Regulatory Authority (FINRA), in October 2021, a customer complaint was filed against Esmeralda Espinoza. The allegation states, “Customer purchased five separate Variable Universal Life policies with one purchase occurring in September 2019 while the remaining four purchases occurred in March 2021. Customer alleges that all five purchases were not clearly understood by her at the time of sale.” The customer dispute remains pending.
Esmeralda Espinoza has no additional disciplinary record.
For a copy of Esmeralda Espinoza’s FINRA BrokerCheck, click here.
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Financial advisors have a legal and regulatory obligation to recommend only suitable investments that are appropriate for their clients’ needs and objectives. Their employing brokerage firm has a legal and regulatory obligation to supervise the Financial Advisors’ sales practices and dealings with clients. To the extent any of these duties are breached, the customer may be entitled to a recovery of his or her investment losses.
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