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David Lopez Involved in Investor Dispute Alleging Misrepresentation

David Lopez (CRD #:6402558), a broker and investment advisor registered with Equitable Advisors, is involved in an investor dispute, according to his BrokerCheck record, accessed on March 20, 2022.

According to the allegations filed on January 14, 2022, David Lopez misrepresented the tax implications regarding an annuity surrendered by his client in 2019. The case is still pending.

FINRA Rule 2020 and 2010

Misrepresentation usually occurs when an investment broker makes false or misleading statements about a financial product in an effort to persuade their customer to invest in a security or in order to earn higher commissions. FINRA Rule 2020 prohibits brokerage firms and stockbrokers from making material misrepresentations. This unethical conduct also violates FINRA Rule 2010, which states that brokers must uphold high standards of commercial honor. 

Background Information

David Lopez has passed the following exams:

  • Series 66 – Uniform Combined State Law Examination
  • SIE – Securities Industry Essentials Examination
  • Series 7 – General Securities Representative Examination

He is a registered broker and investment advisor in eight states.

Besides Equitable Advisors, David Lopez has not worked with any other firm.

Kurta Law Can Help

If you have worked with David Lopez and have concerns about your investments, don’t hesitate to contact us today at 877-600-0098 or info@kurtalawfirm.com for a free consultation.

For nearly 20 years, Kurta Law has advocated for investors to recover their investment losses from brokers and brokerage firms. Kurta Law is a nationally recognized law firm and exclusively represents investors against brokers and brokerage firms on a contingency basis. This means that the firm only earns a fee if our securities attorneys recover money on your behalf. Please reach out if you have any questions about what steps to take next to recover your investment losses.

 

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