Did You Lose Money Because of Rick Lopez?
Filed: October 27, 2023
Rick Lopez (also known as Enrique Lopez) has been the subject of four (4) customer complaints. As an investor, you may be entitled to compensation for losses accrued due to mismanagement of your investments.
Let’s begin our Patil Law Advisor Alert with a summary report on Enrique Lopez.
Who Is Enrique Lopez of Arkadios Capital and Arkadios Wealth Advisors?
- Advisor Name: Enrique Lopez
- Aliases: Rick Lopez
- CRD: 2209385
- Location: McAllen, Texas
- Current Employer: Arkadios Capital and Arkadios Wealth Advisors
- Previous Firms: LPL Financial LLC and Raymond James Financial Services
- Number of Known Customer Complaints: 4
- Can Rick Lopez Be Sued: Yes, in Private Arbitration
- Can Rick Lopez’s Employers Be Sued For Failing to Supervise Actions: Yes, in Private Arbitration
- Highest Damages Allegation: $3,759,713.55
- Highest Settlement: $150,000
If you have suffered investment losses by Rick Lopez, we strongly encourage you to exercise your rights to experienced legal representation. Recover what is owed to you by retaining a stockbroker fraud lawyer. Reach out to the legal team at Patil Law, P.C. via the secure online form or call the firm directly toll-free at 1-800-950-6553.
Customer Complaints Filed Against Rick Lopez For Broker Misconduct
As of this publication date, Rick Lopez has been the subject of 4 customer disputes. Let’s review them below.
In May 2017, a FINRA arbitration was filed against or in reference to Enrique Lopez by a customer of LPL Financial LLC alleging breach of contract and warranties; violation of Texas State Securities Statutes; negligent supervision; violation of the Texas Business and Commerce Codes; violation of consumer protection statutes, negligent misrepresentations, unjust enrichment, and breach of duties; unsuitable investment recommendations and violations of FINRA Rules; and vicarious liability. Per the customer, he/she lost over $3,759,713.55 because of Mr. Lopez’s actions. On April 6, 2021, an arbitration panel found that Mr. Lopez was negligent and awarded $864,839.70 in compensatory damages, $350,000 in additional damages, and $340,000 in attorney’s fees in favor of the customer.
In January 2020, a FINRA arbitration was filed against or in reference to Enrique Lopez by a customer of LPL Financial LLC alleging unsuitable investment recommendations and failure to non-traded REIT investments. On March 5, 2021, Mr. Lopez settled the claim for $75,000, and some or all of this amount may have been paid by Mr. Lopez’s employer and/or insurance carrier.
In June 2019, a FINRA arbitration was filed against or in reference to Enrique Lopez by multiple customers of LPL Financial LLC alleging that between 2014 and 2016, Mr. Lopez misrepresented and recommended unsuitable, concentrated investments in speculative real estate investment trusts. Customers also allege that the advisor recommended an unsuitable annuity switch. Per the customers, they lost over $2,000,000 because of Mr. Lopez’s actions. On December 8, 2020, Mr. Lopez settled the claim for $150,000, and some or all of this amount may have been paid by Mr. Lopez’s employer and/or insurance carrier.
In February 2013, a complaint was filed against or in reference to Enrique Lopez by a customer of LPL Financial LLC alleging that purchases of REITs in January and March 2012 were unsuitable and requested rescission
How To File A Claim Against Rick Lopez of Arkadios Capital and Arkadios Wealth Advisors (previously with LPL Financial LLC and Raymond James Financial Services) To Get Your Money Back.
If you have questions about Enrique Lopez, Arkadios Capital, Arkadios Wealth Advisors, LPL Financial LLC, Raymond James Financial Services, or the management or performance of your accounts, please contact Attorney Patil for a free initial consultation via email or toll-free at 1-800-950-6553.
