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Written by 5:11 pm Blog, Current Investigations

LPL Broker John Matson Barred from Securities Industry 

LPL Broker John Matson Barred from Securities Industry, featured by top securities fraud attorneys, the White Law Group

FINRA Investigation involving John Matson, LPL Financial 

According to a Letter of Acceptance Waiver and Consent, the Financial Industry Regulatory Authority (FINRA) has barred financial advisor John Nicholas Matson (CRD#: 1796541) from associating with any FINRA member at any time after he failed to provide information in its investigation.

This matter reportedly originated from an 80-year-old customer’s call to the FINRA Securities Helpline for Seniors on October 25, 2022, in which “the customer advised that Matson had recommended the customer invest in a promissory note and had thereafter ceased making promised interest payments on the note,” according to the letter. 

According to Matson’s FINRA BrokerCheck report, Matson has two customer complaints on his record. Allegations include churning and unsuitable investments, among others.  He was reportedly affiliated with the following firms during his career in the securities industry. 

11/02/2017 – 12/07/2022, LPL FINANCIAL LLC (CRD#:6413), MANHATTAN BEACH, CA,  

B, 06/22/2015 – 11/09/2017, AMERIPRISE FINANCIAL SERVICES, INC. (CRD#:6363), Los Angeles, CA 

B, 03/21/2007 – 07/07/2015, LPL FINANCIAL LLC (CRD#:6413), MANHATTAN BEACH, CA 

Recovery of Investment Losses through FINRA Arbitration 

The White Law Group is investigating potential securities claims involving John Matson and the liability his employers may have for failure to supervise him.  

If a brokerage firm makes unsuitable investment recommendations or fails to adequately disclose the risks associated with an investment, they may be liable for investment losses through FINRA arbitration. 

FINRA operates the largest securities dispute resolution forum in the United States, and has extensive experience in providing a fair, efficient and effective venue to handle a securities-related dispute. 

The White Law Group is a national securities fraud, securities arbitration, and investor protection law firm with offices in Chicago, Illinois and Seattle, Washington.  We represent investors in all 50 states including California. Our attorneys have recovered millions of dollars from many brokerage firms in the past.                  

If you are concerned about your investments with John Matson and LPL Financial, please call the securities fraud attorneys at The White Law Group at 888-637-5510 for a free consultation.                   

For more information on The White Law Group, and its representation of investors, please visit whitesecuritieslaw.com. 


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