INVESTIGATION: EDWARD ESPINAL of Wayne, NJ
Edward Espinal, with Santander Securities and J.P. Morgan Securities, Subject of SEC Complaint
Have you lost money with financial advisor Edward W. Espinal of Wayne, New Jersey? We are investigating allegations made by the Securities and Exchange Commission (SEC) against Edward Espinal. The SEC alleged that Espinal raised funds from investors for purported investments in Cash Flow Capital Group or Cash Flow Partners. Instead, the SEC alleged that Espinal misappropriated or stole investor money and used it for personal and family expenses.
Espinal advertised on Spanish-language TV and radio about Cash Flow Capital Group. It was purported to invest in flipping houses, with a guaranteed investment return from 1.25% to 4% per month.
Edward Espinal was a financial advisor and registered representative of Santander Securities from January 2019 to the present and also from July 2015 to November 2016. He was also with J.P. Morgan Securities from November 2016 to January 2019. He worked at branch offices in Wayne, New Jersey.
Brokerage firms like Santander Securities and J.P. Morgan Securities 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 Ann Arbor, Michigan; Denver, Colorado; and Seattle, Washington. We represent investors in FINRA arbitration proceedings in all 50 states, including New Jersey. Our attorneys have represented over one thousand investors against many brokerage firms in the past, including against J.P. Morgan Securities.