Broker Investigation: Matthew Evan Eckstein

Matthew Evan Eckstein (CRD#: 2997245) is a registered securities broker based in Syosset, New York. Currently, Mr. Eckstein is employed at Sisk Investment Services (since 2015).

Previously, he worked at Gould, Ambroson & Associates LTD, also based out of an office in New York state.

On April 27th, 2018, the Financial Industry Regulatory Authority (FINRA) brought a complaint against Mr. Eckstein. Here, our broker negligence lawyers review these allegations. The full complaint can be accessed by referring to Disciplinary Proceeding No. 2017054146302.

FINRA Complaint: Matthew Evan Eckstein

According to the allegations, Matthew Evan Eckstein sold more than $1.3 million in undocumented investments to his clients. These investments were not offered or reviewed by his member firm. FINRA investigators believe these investments were part of a spurious scheme operated by a personal friend of Mr. Eckstein.

The complaint contends that Mr. Eckstein failed to perform any due diligence into these investments. Yet, he sold large dollar values of the investments to at least four different clients, some of whom expressly stated that they were ‘conservative’ investors. Among the other issues, this investment opportunity was wholly unsuitable for these customers.

FINRA is seeking sanctions against this broker, including requiring him to disgorge any ill-gotten gains and to pay full restitution where appropriate. As of May of 2018, the complaint against Mr. Eckstein is still pending.

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