Advisor Alert: Our Attorneys Are Investigating Rene Tapia Espinoza For Investment Fraud
Did You Lose Money Because of Rene Espinoza?
Filed: January 24, 2024
Rene Espinoza currently has one (1) pending judgment/lien event. Overall, Espinoza has been the subject of two (2) customer complaints, one (1) termination event, one (1) financial event, and one (1) judgment/lien event. As an investor, you may be entitled to compensation for losses accrued due to mismanagement of your investments.
Let’s begin our Patil Law Advisor Alert with a summary report on Rene Tapia Espinoza.
Who Is Rene Tapia Espinoza of Ameriprise Financial Services, LLC?
- Advisor Name: Rene Tapia Espinoza
- Aliases: Rene Espinoza
- CRD: 4050886
- Location: Scottsdale, Arizona
- Current Employer: Ameriprise Financial Services, LLC
- Previous Firms: Merrill Lynch, Pierce, Fenner & Smith Incorporated and IDS Life Insurance Company
- Number of Known Customer Complaints: 2
- Number of Known Termination Events: 1
- Number of Financial Termination Events: 1
- Number of Judgment/Lien Termination Events: 1
- Can Rene Espinoza Be Sued: Yes, in Private Arbitration
- Can Rene Espinoza’s Employers Be Sued For Failing to Supervise Actions: Yes, in Private Arbitration
- Highest Damages Allegation: $32,780
- Highest Settlement: $4,800
If you have suffered investment losses by Rene Espinoza, we strongly encourage you to exercise your rights to experienced legal representation. Recover what is owed to you by retaining a stockbroker fraud lawyer. Reach out to the legal team at Patil Law, P.C. via the secure online form or call the firm directly toll-free at 1-800-950-6553.
Customer Complaints Filed Against Rene Espinoza For Broker Misconduct
As of this publication date, Rene Espinoza has been the subject of 2 customer disputes, 1 termination event, 1 financial event, and 1 judgment/lien event. Let’s review them below.
In July 2023, a complaint was filed against or in reference to Rene Espinoza by a customer of Ameriprise Financial Services, LLC alleging that Espinoza misrepresented material information about her variable annuity. Per the customer, he/she lost over $13,871.90 because of Espinoza’s actions.
In September 2019, Rene Espinoza was the subject of a civil judgment or lien in the amount of $65,530. In general, judgment liens are court rulings that give a creditor the right to take possession of a debtor’s property when the debtor has failed to fulfill his or her contractual obligations. Sometimes, these types of disclosures reflect IRS judgments, tax liens, and/or civil judgments against a financial advisor.
In November 2017, a complaint was filed against or in reference to Rene Espinoza by a customer of Merrill Lynch, Pierce, Fenner & Smith Incorporated alleging that Espinoza failed to follow instructions in May 2010. Per the customer, he/she lost over $32,780 because of Espinoza’s actions. On March 12, 2018, Espinoza settled the claim for $4,800, and some or all of this amount may have been paid by Espinoza’s employer and/or insurance carrier.
In March 2017, Landings Credit Union reported that Espinoza had outstanding debt totaling $306,651.82. Espinoza settled this matter in the amount of $150,000.
In July 2011, Merrill Lynch, Pierce, Fenner & Smith terminated Rene Espinoza for conduct relating to the surrender of annuities and the submission of annuity orders.
How To File A Claim Against Rene Espinoza of Ameriprise Financial Services, LLC (previously with Merrill Lynch, Pierce, Fenner & Smith Incorporated and IDS Life Insurance Company) To Get Your Money Back
If you have questions about Rene Espinoza, Ameriprise Financial Services, LLC, Merrill Lynch, Pierce, Fenner & Smith Incorporated, IDS Life Insurance Company, or the management or performance of your accounts, please contact Attorney Patil for a free initial consultation via email or toll-free at 1-800-950-6553.