Rene’ Tapia Espinoza of Scottsdale, Arizona, a stockbroker registered with Ameriprise Financial Services LLC, was the subject of a customer initiated investment related complaint filed on July 20, 2023. The customer requested $13,871.90 in damages based upon allegations that Espinoza made misrepresentations of material facts in connection with the sale of variable annuities while associated with Ameriprise Financial Services LLC. The securities broker dealer denied the complaint.
This is not the first time that Espinoza has been referenced in a customer initiated investment related dispute concerning her conduct in the securities industry. Financial Industry Regulatory Authority (FINRA) Public Disclosure additionally shows that on March 12, 2018, a customer initiated investment related complaint involving Espinoza’s conduct was settled for $4,800.00 in damages based upon allegations that Espinoza failed to follow instructions regarding variable annuities when Espinoza was associated with Merrill Lynch Pierce Fenner Smith Incorporated.
The stockbroker was previously registered with Merrill Lynch Pierce Fenner Smith. Public Disclosure shows that on July 14, 2011, Merrill Lynch Pierce Fenner Smith Incorporated discharged Espinoza as a stockbroker based upon allegations of her activities involving annuities.
Espinoza has been associated with Ameriprise Financial Services LLC in Scottsdale, Arizona since July 21, 2011.
