Rick Lopez Allegedly Recommended an Unsuitable Investment

Rick Lopez (CRD #: 2209385), a broker registered with Arkadios Capital, is the subject of an investor dispute. This is according to his BrokerCheck record, accessed on June 12, 2024. Keep reading if you have concerns regarding his alleged conduct. 

Investor Allegations 

On May 2, 2024, an investor alleged that Rick Lopez recommended an unsuitable investment. 

According to allegations filed on January 3, 2020, Rick Lopez recommended unsuitable non-traded REIT investments. The dispute settled for $75,000. 

There is another REIT dispute on his record from 2019 that settled for $150,000. 

FINRA Rule 2111 – Unsuitable Investments 

FINRA Rule 2111 defines suitable investments as securities that fit an investor’s profile. Investor profiles have information on the investor’s age, risk tolerance, tax status, investing experience, and financial goals. Investments that do not take these factors into account may be unsuitable. 

What Are REITs?

Real estate investment trusts (REITs) allow investors to generate returns from a portfolio of real estate without being directly involved in property management. However, REITs tend to be illiquid, which makes them unsuitable for many investors. Non-traded REITs are especially risky because they are not traded on the public exchange, making them difficult or impossible to sell. 

Background Information 

Rick Lopez has passed the following exams: 

• Series 66 – Uniform Combined State Law Examination 
• Series 63 Uniform Securities Agent State Law Examination 
• SIE – Securities Industry Essentials Examination 
• Series 7 General Securities Representative Examination 

He is a registered broker and investment adviser in Texas. 

During his 26, years of experience, Rick Lopez has registered with seven firms. These are the four most recent: 

• Arkadios Capital (CRD #: 282710) 
• Arkadios Wealth Advisors (CRD #: 288863) 
• LPL Financial (CRD #: 6413) 
• Raymond James Financial Services (CRD #: 6694) 

Kurta Law Can Help 

If you have worked with Rick Lopez and have concerns about your investments, do not hesitate to contact us at 877-600-0098 or email 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 that 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. Do not let securities fraud go unchecked. Start your recovery process today.