PAMELA SUE ESPINOSA (PAMELA ESPINOSA, PAMELA SUE DAVIS, PAMELA DEWEBER), a broker/financial advisor, currently with KESTRA INVESTMENT SERVICES, LLC and KESTRA ADVISORY SERVICES, LLC, of Albuquerque, New Mexico, since 2017, has a pending “Customer Dispute” listed on her FINRA CRD report dated January 25, 2023, alleging, “Claimant alleges Espinosa recommended unsuitable private investments in order to generate high commissions. Additionally claimant alleges that Espinoza engaged in cross trading.” The damage amount requested is $1,000,000.00. This allegedly took place when Espinosa was a registered representative with SII INVESTMENTS, INC of Albuquerque, New Mexico. On Espinosa’s “Customer Complaint,” there is a Broker Comment listed with the following response, “I believe the recommended portfolio was suitable for the client.”
According to FINRA’s BrokerCheck, available to the public on FINRA’s website PAMELA ESPINOSA has been in the securities industry for 12 years and has been listed with 3 firms. Espinosa is listed both as a broker and as a financial advisor. She has been listed since 2017 as an investment advisor with KESTRA ADVISORY SERVICES, LLC (doing business as Davis Advisory Group), and as a broker with KESTRA INVESTMENT SERVICES, LLC, both of Albuquerque, New Mexico. She was previously listed with SII INVESTMENTS of Albuquerque, New Mexico, from 2011-2017, also as a broker and an investment advisor.Espinosa has 2 Disclosures listed on her FINRA CRD report.
FINRA rule 2111 "Suitability" states in part, “A member or an associated person must have a reasonable basis to believe that a recommended transaction or investment strategy involving a security or securities is suitable for the customer, based on the information obtained through the reasonable diligence of the member or associated person to ascertain the customer's investment profile. A customer's investment profile includes, but is not limited to, the customer's age, other investments, financial situation and needs, tax status, investment objectives, investment experience, investment time horizon, liquidity needs, risk tolerance, and any other information the customer may disclose to the member or associated person in connection with such recommendation.”
If you or a family member have experienced investment losses due to the actions or recommendations of PAMELA ESPINOSA formerly of SII INVESTMENTS and currently with KESTRA ADVISORY SERVICES and KESTRA INVESTMENT SERVICES of Albuquerque, New Mexico, contact Soreide Law Group and speak to an experienced securities lawyer at no cost regarding the possible recovery of your financial losses through a FINRA arbitration at: 888-760-6552.
Soreide Law Group represents clients nationwide before FINRA on a contingency basis.
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