INVESTORS: Former LPL Financial broker John Nicholas Matson was barred by FINRA following allegations he refused to provide documents and information requested by FINRA.
John Nicholas Matson (CRD: 1796541) was registered as a broker with LPL Financial from 2017 until 2022. Previously, Matson was registered as a broker with Ameriprise Financial Services from 2015 until 2017.
Matson has three disclosures on his BrokerCheck report. One customer dispute filed against Matson was denied.
December 2022 Regulatory Judgment
Initiated By: FINRA
Allegations: Without admitting or denying the findings, Matson consented to the sanction and to the entry of findings that he refused to provide documents and information requested by FINRA in connection with its investigation into a customer’s investments in promissory notes recommended by Matson. The findings stated that this matter originated from an 80-year-old customer’s call to the FINRA Securities Helpline for Seniors 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.
Resolution: Acceptance, Waiver & Consent (AWC)
Bar: Bar (Permanent)
Registration Capacities Affected: All Capacities
Start Date: 12/19/2022
April 2010 Customer Dispute
Allegations: Complaint alleges churning, unsuitable investment recommendations, negligence, breach of contract, breach of duties and failure to supervise, all resulting in loss to the claimant.
Damage Amount Requested: $353,000.00
Settlement Amount: $137,500.00
Broker Comment: In order to avoid the costs and uncertainties of litigation, a business decision to settle this matter was made.
The Sonn Law Group is currently investigating allegations surrounding John Nicholas Matson. We represent investors in claims against negligent brokers and brokerage firms. If you or your loved one experienced investment losses, we are here to help. For a free consultation, please call us now at 866-827-3202 or complete our contact form.