Rex Securities Law Investment Fraud Attorney Investigates John N. Matson formerly with LPL Financial

Rex Securities Law Investment Fraud Attorney Investigates John N. Matson formerly with LPL Financial

Rex Securities Law Investment Fraud Attorney Investigates John N. Matson formerly with LPL Financial 150 150 ER

Last Updated: September 2023 (Manhattan Beach, CA )

John N. Matson Investigation Summary

Here’s what you need to know about Manhattan Beach, CA , stockbroker John Matson:

  • Name: Mr. John Nicholas Matson
  • Current Employer: None- Barred from Securities Industry
  • Previous Firms: LPL Financial LLC, Ameriprise Financial Services, Citigroup Global Markets Inc.
  • Function: Former Stock Broker
  • Aliases: John Matson
  • Primary Location: Manhattan Beach, CA
  • CRD 1796541
  • Can John Matson be sued in FINRA arbitration: Yes
  • Sanctioned by FINRA: Yes
  • Highest Settlement: $137,500. Has two pending customer disputes seeking damages of nearly $1 million

Discuss your case with experienced investment fraud lawyer Bob Rex at (877) 224-3199 for a free consultation.

Did You Lose Money With John Matson As Your Stockbroker?

IN 12/2022 John Matson was permanently barred from the securities industry by FINRA after Matson refused to cooperate with a FINRA investigation involving an 80 year old customer who called the FINRA Securities Helpline for Seniors to report that Matson had recommended the customer invest in a promissory note and thereafter ceased making payments.

In 1/2023 and 7/2023 two LPL Financial customer made claims against LPL Financial alleging the Matson had sold them promissory notes, one for $300,000 and the other for $610,000. On the latter, the customer was promised interest of 15% with a “guaranteed” return of principal in 10 years.

Earlier in his career, a customer of LPL Financial was paid $137,500 to resolve allegations that Matson churned their account and made unsuitable investment recommendations.

LPL discharged Matson In 11/2022 for selling firm unapproved investments.

Allegations of Broker Misconduct Against John Matson

Customers of John Matson have alleged the following wrongdoing in connection with the handling of customer accounts:

  • Unsuitable Investment Recommendation
  • Selling unapproved products away from the firm (selling away)
  • Churning
  • Negligence
  • Breach of Contract

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.

Recover Your Investment Losses Now With Rex Securities Law

If you have suffered investment losses in an account handled by John Matson, contact us for a complimentary consultation with an experience securities lawyer to learn how you may be able to recover damages through FINRA arbitration.

With offices in Boca Raton, FL and Austin, TX, stockbroker fraud attorney Bob Rex provides representation to investors nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers, financial advisors and broker dealers.

If you have questions about how your account has been handled, call (877) 224-3199 to speak with an experienced securities attorney at no cost to you.

Most cases are handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.

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