April 2020- McAllen, TX
The FINRA records of Ramon Esparza , a broker previously employed by Mutual of Omaha Investor Services, Inc. , disclose a regulatory event resulting in his bar from the securities industry and a termination from employment.
The Financial Industry Regulatory Authority (FINRA) is the agency that licenses and regulates stockbrokers and brokerage firms. FINRA requires brokers and brokerage firms to report customer complaints and disputes as well as regulatory sanctions. In addition brokers are required to disclose certain financial matters such as personal bankruptcies, judgments and liens.
In December 2019, Esparza was permanently barred from the securities industry by the Securities and Exchange Commission after allegations that he failed to provide documents and information requested by FINRA in connection with an investigation into outside business activities. Esparza’s member firm initiated an internal review relating to allegations that he received cash and transacted business in Bitcoin and concluded that he engaged in unapproved outside business activities involving Bitcoin transactions.
In August of 2019 Esparza voluntarily resigned from Mutual of Omaha Investor Services, Inc., after allegations that he engaged in unapproved outside business activities involving Bitcoin transactions.
Esparza worked for Mutual of Omaha Investor Services, Inc. from July of 2014 until August of 2019. Before that time he had been employed with Pegasus Insurance Group and Primerica Financial Services.
If you have questions about an account handled by Ramon Esparza call for a no charge consultation .
Rex Securities Law , with offices in Boca Raton, FL, and Austin, TX, provides representation to investors nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers and broker dealers. If you have questions about how your account has been handled, call to speak with an experienced securities attorney.
Most cases handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.
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