Adam Lopez was an Illinois based securities broker. He worked in the securities industry for ten years. He spent his entire career registered with Country Capital Management Company (2008-2018). He is no longer working as a registered securities broker in any fashion.
Adam Lopez’ publicly available FINRA BrokerCheck report shows that he has received multiple customer complaints over the course of his career. Most of which were received in October 2018.
In September 2018, multiple customers jointly alleged that they wrote personal checks to Lopez to purchase variable annuities. However, there are no records of these transactions taking place. Lopez allegedly converted the customers’ funds. This case was settled for $111,996.51 in damages.
On October 5th, 2018, another customer alleged that they completed an application and wrote personal checks made out to Lopez for the purpose of purchasing a fixed annuity. However, there was no record of this transaction taking place. Lopez allegedly converted the customer’s funds. This case was settled for $44,369.14 in damages.
On October 22, 2018, a customer alleged unauthorized conduct against Adam Lopez regarding an affiliate bank’s managed account. This case was settled for $80,980 in damages.
Also on October 22, 2018, a customer alleged that Lopez embezzled all of the funds he had invested with him. This case is currently pending. The customer is seeking $314,000 in damages.
On October 24th, 2018, two cases were filed due to the alleged actions of Adam Lopez. The customers in these cases alleged fraud and fund conversion. Both of these cases are currently pending. The customers are seeking an undisclosed amount in damages.
On October 25th, 2018, a customer alleged that Lopez misled her on three occasions into using distributions from her mutual fund account to purchase life insurance policies issued by an affiliate. This case was settled for $32,299.58 in damages.
Adam Lopez was eventually barred from acting as a securities broker in any fashion.
Oakes & Fosher dedicates its entire legal practice to helping investors across the nation. If you, or someone you know, have lost money investing with Adam Lopez, please contact Oakes & Fosher for a free and private consultation.