Category Archives: Beneficial Investment Services

FINRA Bars Stockbroker Matthew J Davis (Murriet, CA)

FINRA announced in August 2014 that stockbroker Matthew John Davis of Murrieta, California, was barred from association with any FINRA member to resolve allegations that he refused to appear for FINRA on-the-record testimony in connection with an investigation that he converted funds from customer accounts, forged account documents, traded without authority, made unsuitable recommendations and tried to settle a customer complaint away from his member firm.

FINRA records indicate that Davis was previously registered as follows:

  • OneAmerica Securities     4/2010-7/2013
  • Beneficial Investment Services    11/2008-4/2010
  • 1st Discount Brokerage      2/2005-11/2008

If you had an account with Davis and believe your account was mishandled, call to discuss your legal options.

Rex Securities Law provides nationwide representation to investors seeking recovery of investment losses due to the negligence or fraud of stockbrokers and broker dealers. If you have questions about how your account has been handled, call to speak with an experienced securities attorney.  Most cases handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.

Rex Securities Law

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