Adam Michael Lopez of Springfield Illinois a stockbroker formerly registered with Country Capital Management Company is referenced in a customer initiated investment related written complaint which was resolved for $359,846.25 on June 11, 2019 founded on accusations that Lopez embezzled nearly all of the customer’s assets during the period in which he was employed by Country Capital Management Company.
Financial Industry Regulatory Authority (FINRA) Public Disclosure confirms that Lopez is referenced in ten additional customer initiated investment related disputes containing allegations of his violative conduct while he was employed with Country Capital Management Company. Specifically, two customers filed investment related civil actions in the Seventh Judicial Circuit Court of Sangamon County Illinois where the customers requested unspecified damages based upon accusations of their funds being stolen; and fraudulent transactions by Lopez resulting in their losses. Civil Action Nos. 2018-L-000207 (Oct. 24, 2018); 2018-L-000208 (Oct. 24, 2018).
Lopez is the subject of another customer initiated investment related written complaint which was settled for $80,980.00 in damages on December 20, 2018 supported by allegations that unauthorized bank products had been sold or purchased for the customer’s account held with a Country Capital Management Company affiliate. On January 14, 2019, another customer initiated investment related civil action involving Lopez’s activities was resolved for $32,299.58 in damages founded on accusations that the customer was persuaded by Lopez to effect transfers or withdrawals from the customers mutual account in order to buy insurance policies issued through an affiliate of Country Capital Management Company.
On March 25, 2019, an additional customer initiated investment related complaint involving Lopez’s conduct was settled for $156,435.65 in damages based upon allegations of unauthorized insurance transactions being recommended or executed by the stockbroker. Lopez is referenced in a different customer initiated investment related written complaint which was resolved for $35,179.99 in damages on August 1, 2019 supported by accusations that Lopez engaged in unapproved activities which involved a customer’s purchase of insurance products that led the customer to experience losses.
FINRA Public Disclosure additionally reveals that Lopez has been barred from associating with any FINRA member in any capacity supported by findings that Lopez hindered FINRA’s investigation into allegations against the stockbroker of committing fraud, wrongfully taking property, or otherwise violating securities laws or rules. Letter of Acceptance Waiver and Consent No. 2018059935201 (Dec. 17, 2018).
According to the AWC, Lopez was subject of a FINRA investigation that commenced on October 8, 2018 which had been centered on accusations made against Lopez by his securities broker dealer employer, Country Capital. Specifically, FINRA was made aware on October 4, 2018 that Lopez was internally investigated and had been terminated for committing fraud. Lopez was expected to provide FINRA with documentation and information by October 22, 2018 in response to those allegations, but he failed to do so. In fact, the AWC stated that Lopez only provided a partial response to FINRA’s second request at which time his attorney confirmed with FINRA that he would cooperate no further. FINRA determined Lopez’s conduct to be violative of FINRA Rules 2010 and 8210.
