Arthur Espinoza— Unapproved Outside Business Activity

investors rights attorneysArthur Espinoza Allegedly Engaged in an Unapproved  Outside Business Activity Called Life Solutions, Inc.

Arthur Espinoza allegedly engaged in an outside business activity called Life Solutions, Inc., according to a recent FINRA Letter of Acceptance, Waiver and Consent (AWC) currently under review by attorneys Alan Rosca and James Booker.

Arthur Espinoza allegedly incorporated Life Solutions, Inc. in or about March 2009 and purportedly operated said entity alone for the purpose of buying and selling precious metals and coins as well as trading in securities all the obtaining at least 10 investors, all seniors, who collectively invested more than $325k with Life Solutions, said AWC notes.

The Peiffer Rosca Wolf securities lawyers are currently investigating Arthur Espinoza’s alleged engagement in an outside business activity called Life Solutions, Inc.

Arthur Espinoza Barred for Alleged Outside Business Activities, Failure to Disclose Outside Brokerage Accounts He Controlled at Two Third-party Firms and For Failure to Respond to Requests for Documents and Information Requested by FINRA

Arthur Espinoza has been barred by FINRA for allegedly violating FINRA Rules by engaging in an outside business activity called Life Solutions, Inc., failure to disclose outside brokerage accounts he controlled at two third-party FINRA member firms, known only as FBS and IB, and for failure to respond to requests for documents and information requested by FINRA, according to the aforementioned AWC currently under review by attorneys Alan Rosca and James Booker.

Espinoza, in return for said undocumented investments, orally agreed to pay the aforementioned investors an annual or semi-annual payment equaling 5.25% of their invested principal, the AWC notes.

At the moment Espinoza is currently unable to pay the investors’ principal back and has no credible plans for doing so (company’s current assets consist of only a few hundred dollars in coins and currency, along with undocumented “loans” with no fixed terms that Espinoza purportedly took from the company), the AWC reports. One should also note that, according to the AWC, Arthur Espinoza neither admitted nor denied the FINRA findings.

Securities Lawyers Investigating

The Peiffer Rosca Wolf securities lawyers often represent investors who lose money as a result of alleged outside business activity and are currently investigating Arthur Espinoza’s alleged outside business activity. They take most cases of this type on a contingency fee basis and advance the case costs, and only get paid for their fees and costs out of money they recover for their clients.

Investors who believe they lost money as a result of Arthur Espinoza’s alleged outside business activity may contact the securities lawyers at Peiffer Rosca Wolf, Alan Rosca or James Booker, for a free no-obligation evaluation of their recovery options, at 888-998-0520.

Alan Rosca (1206 Posts)

Alan is a securities lawyer. He also teaches Securities Regulation at the Cleveland-Marshall College of Law. He focuses his legal practice on complex commercial and financial litigation and arbitration, particularly in the areas of securities and investment fraud. His office is in Cleveland, Ohio.


In our legal system, every person is innocent until and unless found guilty by a court of law or a tribunal. Whenever we reference “allegations” or charges that are “alleged,” such allegations or charges have not been proven, and are merely accusations, not findings of fault, as of the date of the blog. We do not have, nor do we undertake, a duty to continue to monitor or follow cases about which we report, and/or to publish subsequent blogs regarding various developments that may occur in such cases. Readers are encouraged to conduct their own research regarding any such cases and any developments that may or may not have occurred in such cases.