September 2019-Murrieta, CA
According to publicly available records Matthew J. Werthe, a stockbroker who is not currently registered and who was last employed by Raymond James Financial Services , disclose a customer dispute, 2 prior customer disputes and a termination from employment.
The Financial Industry Regulatory Authority (FINRA) is the agency that licenses and regulates stockbrokers and brokerage firms. FINRA requires brokers and brokerage firms to report customer complaints and disputes as well as regulatory sanctions. In addition brokers are required to disclose certain financial matters such as personal bankruptcies, judgments and liens.
In FINRA Case 18-0070- a customer of Raymond James made numerous allegations of wrongdoing, including: fraud, excessive trading, churning, unauthorized trading, Maryland Consumer Fraud, forgery, breach of fiduciary duty, unsuitable investments and failure to supervise. That case was settled for $150,000.
In FINRA Case 16-03054-a customer Raymond James alleged that Werthe was negligent and made misrepresentations. That case was settled for $80,000.
In currently pending FINRA Case 18-1102 a customer of Raymond James alleges excessive trading, churning, unauthorized trading, Ohio Consumer Fraud, breach of fiduciary duty, unsuitable investments, unjust enrichment and failure to supervise. The customer is seeking damages of $728,000.
Matthew Werthe was been employed by Raymond James from 1/2013-5/2019. In 5/2019 Werthe was discharged by Raymond James
Prior to this Werthe was a broker with Edward Jones. He discloses a business affiliation with D. Canada Financial in Murrieta, CA.
If you have an account handled by Matthew Werthe that you believe has been mishandled, contact us to learn how you may be able to recover damages through FINRA arbitration.
Rex Securities Law , with offices in Boca Raton, FL, and Austin, TX, provides representation to investors nationwide who are 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.
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