January 2020-McAllen, Texas
The FINRA records of Enrique Lopez, a broker who is currently employed by Arkadios Capital disclose a pending customer dispute and two prior customer disputes.
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 the currently pending FINRA case 19-1608 a customer of Lopez’s prior employer, LPL Financial is seeking damages of $2 million and alleges that between 2014 and 2016 Lopez misrepresented and recommended unsuitable concentrated investments in real estate investment trusts (REITs). In additon the customer allege that Lopez recommended an unsuitable annuity switch.
In a prior case, FINRA 17-904, a customer of LPL Finanical was paid $1.5 million to resolve allegations that Lopez violated the Texas State Securities Act and made unsuitable recommendations.
Enrique Lopez worked for LPL Financial from 3/2008-8/2018, at which time he moved his practice to Arkadios. Lopez discloses business affiliations with Cristobal Eden Partners and Texas Regional Bank in McAllen, Texas.
If you have losses in an account handled by Enrique Lopez , contact us for a no charge consultation to discuss your legal options for recovery.
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, at no cost to you.
Most cases handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.
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