Last Updated: June 2024 (McAllen, Texas)
Investigation Summary: Enrique Lopez
Enrique Lopez, based in McAllen, TX, has faced several allegations and customer complaints throughout his career as a financial advisor.
If you’ve sustained damages from Mr. Lopez, discuss your case with experienced investment fraud lawyer Bob Rex at (877) 224-3199 for a free consultation. Have you suffered financial losses due to:
– Misrepresentation
– Unsuitable recommendations to invest in non-trade REITs
Did You Lose Money with Enrique Lopez?
Enrique Lopez has a history of customer disputes and regulatory actions against him, primarily during his tenure with LPL Financial LLC. These disputes involve significant allegations such as unsuitable investment recommendations, misrepresentation, and violations of FINRA rules.
Details of Disclosure Events
Enrique (Rick) Lopez was implicated in a significant customer dispute while employed at LPL Financial LLC. The complaint includes allegations of breach of contract, negligent supervision, unsuitable investment recommendations, violations of Texas State Securities Statutes and violations of FINRA rules in connection with the purchase of non-traded real estate investment trusts (REITs). The FINRA arbitration ordered LPL Financial to pay $864,839.70 in compensatory damages, $340,000 in attorney’s fees, and $350,000 in additional damages.
Another dispute involved allegations of unsuitable investment recommendations related to non-traded REITs while Lopez was with LPL Financial LLC. This complaint resulted in a settlement of $75,000.
Currently, there is another pending customer dispute against LPL Financial alleging that an real estate security investment recommended by Rick Lopez was unsuitable for the customer’s investment objectives and risk tolerance. A damage amount is not yet specified.
[LEARN MORE]: See this for more information on REITs and Other Alternative Investments
Alternative Investments: These are assets that are not stocks, bonds or cash. Alternative investments generally fall within five categories: hedge funds, private capital, natural resources (oil and gas, energy), real estate (REITs) and infrastructure. They are typically less liquid that conventional investments, less regulated with higher fees and generally higher risk.
Rick Lopez Qualifications
Enrique Lopez ( CRD 2209385) has passed two general industry/product exams and two state securities law exams. He is currently registered with one self-regulatory organization (SRO) and is licensed in Texas. Lopez has been registered with Arkadios Capital and Arkadios Wealth Advisors since September 21, 2018.
Lopez’s registration history includes LPL Financial LLC, Raymond James Financial Services, Merrill Lynch, Edward D. Jones & Co., and H.D. Vest Investment Securities. His employment history spans various roles, including Investment Adviser Representative and Registered Representative.
Recover Your Investment Losses Now With Rex Securities Law
[LEARN MORE]: Investigation of LPL Financial and LPL Brokers-Lawsuits, Arbitrations & Customer Disputes
If you have suffered investment losses in an account handled by Enrique Lopez, contact us for a complimentary consultation with an experienced securities lawyer to learn how you may be able to recover damages through FINRA arbitration.
With offices in Boca Raton, FL, and Austin, TX, stockbroker fraud attorney Bob Rex provides representation to investors nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers, financial advisors, and broker dealers.
If you have questions about how your account has been handled, call (877) 224-3199 to speak with an experienced securities attorney at no cost to you.
Most cases are handled on a contingent fee basis, meaning that you do not pay legal fees unless we are successful.
