J.P. Morgan Securities LLC financial advisor Justin Lopez (CRD# 5162263) is accused of excessive trading and unsuitable and unauthorized trades. Lopez has been registered with J.P. Morgan Securities LLC in Mineola, New York since 2016.
Lopez has been the subject of two customer complaints between 2017 and 2018, according to his CRD report:
- July 2018. “Client alleges unauthorized, unsuitable and excessive trading regarding the Equity Listed and Equity OTC investments. Activity dates 6/2012- 2/2013.” The customer is seeking $5,563,792 in damages and the case is currently pending.
- May 2017. “Client alleges suitability and excessive trading regarding equity OTC and equity listed investments. Activity dates 06/2012-02/2013.” The customer is seeking $55,855 in damages and the case is currently pending.
Pursuant to FINRA Rules, member firms are responsible for supervising a broker’s activities during the time the broker is registered with the firm. Therefore, J.P. Morgan Securities LLC may be liable for investment or other losses suffered by Lopez’s customers.
Erez Law represents investors in the United States for claims against brokers and brokerage firms for wrongdoing. If and have experienced investment losses, please call us at 888-840-1571 or complete our contact form for a free consultation. Erez Law is a nationally recognized law firm representing individuals, trusts, corporations and institutions in claims against brokerage firms, banks and insurance companies on a contingency fee basis.