Brokerage Firm Negligence Law Firm

Our Brokerage Firm Negligence Law Firm is Investigating Barred LPL Broker John Matson

Elderly Investor Called FINRA Helpline for Seniors to Complain

If you suffered significant portfolio losses while working with former LPL Financial stockbroker John Nicholas Matson, Shepherd Smith Edwards and Kantas (investorlawyers.com) can help you determine whether you have grounds for a legal claim. Nicholas, who was barred from the industry in December 2022, and fired by the broker-dealer the month before, has been accused by a former elderly client of recommending a promissory note from which the latter later stopped receiving interest payments that were purportedly promised.

The investor, an 80-year-old customer, contacted the Financial Industry Regulatory Authority (FINRA)’s Securities Helpline for Seniors in October 2022 to complain about this ex-Manhattan Beach financial advisor, who is also a financial planner.

John Matson’s BrokerCheck lists an investor fraud lawsuit that was filed in January 2023. The claimant is seeking $610K in damages. Matson also used to be an Ameriprise Financial registered representative.

What Should You Do If You Are An Older Investor Who Suffered Serious Investor Losses While Working With a Broker? 

FINRA’s Senior helpline—844-57-HELPS—is a toll-free line that older investors can call to ask questions about their investment portfolio or account statements, find out about the other tools and resources that the self-regulatory organization (SRO) offers, or bring up concerns or complaints related to their brokerage account or financial advisor.

However, if you would like to find out whether you can sue your broker-dealer and its registered representative over your investment losses, you should speak with our knowledgeable broker negligence lawyers at Shepherd Smith Edwards and Kantas. For over 30 years, our skilled retirement loss law firm has helped retirees and elderly investors pursue damages caused by the wrongful or careless actions of their financial advisors.

Older investors can be especially vulnerable to stockbroker misconduct, including elder financial abuse. If LPL Financial failed to properly supervise John Nicholas or another one of its financial advisors who made alleged misrepresentations and omissions about an investment product, breached their fiduciary duty, was careless, or engaged in deliberately wrongful actions, you may be able to file an investor loss claim against this brokerage firm.

 

Should you decide to retain our securities law services, we will conduct a thorough investigation into your investment losses, prepare a broker negligence lawsuit for you, and represent you in FINRA arbitration.

How To Contact Our Trusted Brokerage Firm Negligence Law Firm:

Our older investment fraud attorneys have dedicated our securities law practice to representing investors against broker-dealers and investment advisors.

To schedule your free, no-obligation case consultation with our Brokerage Firm Negligence Law Firm, call (800) 259-9010 today.