WARNING! Impending Investigation: RICK ESPARZA and PRINCOR FINANCIAL SERVICES CORP.
Rick Esparza and Princor Financial Services Corp.
Have you lost money with financial advisor Rick Esparza of Rancho Murieta, California? We are investigating allegations made by FINRA, the Financial Industry Regulatory Authority, against Rick Esparza. FINRA barred Esparza from the securities industry after he failed to respond to a FINRA investigation. FINRA was investigating Esparza regarding allegations that he borrowed $67,500 from two customers, which is generally against FINRA rules and most firms’ internal policies and procedures (aside from limited circumstances).
Rick Esparza was a financial advisor and registered representative of Princor Financial Services Corp. from 1999 to March 2012 and again from January 2013 to August 2015. He worked at a branch office in Rancho Murieta, California. Princor Financial Services terminated Esparza in August 2015.
Brokerage firms like Princor Financial Services 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 California. Our attorneys have represented over one thousand investors against many brokerage firms in the past, including 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 America, National Securities Corp., and many others.
Click to view: Esparza FINRA AWC
Click to view: Esparza BrokerCheck 12.17.15
HAVE YOU LOST MONEY WITH RICK ESPARZA or PRINCOR FINANCIAL SERVICES CORP.?
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DENVER: (720) 599-3505
SEATTLE: (206) 795-5798