Matthew Stucke Has An Investor Complaint – Goodman & Nekvasil, P.A., May Recover Investor Losses
Matthew Stucke has an investor complaint pending for $100,000 in alleged damages.
According to public records, a FINRA arbitration claim has been filed against Cambridge Investment Research, alleging in excess of $100,000 in damages.
The FINRA Claim
Stucke engaged in extremely risky trading in [client]’s account with investments predominantly in technology and financial technology (“fintech”) stocks as well as various special purpose acquisition companies (“SPACs”). From September 2021 until the account was closed in August 2022, it was between 85% and 95% invested in equities.
[Client]’s account realized losses of approximately $63,000 in two rival Bitcoin mining companies—Marathon Digital Holdings, Inc. (“Marathon”; Ticker: MARA) and Riot Platforms, Inc. (“Riot”; Ticker: RIOT).[Client]’s account also realized losses of over $26,000 in two fintech companies—SoFi Technologies, Inc. (“SoFi”; Ticker: SOFI) and Upstart Holdings, Inc. (“Upstart”; Ticker: UPST).Stucke made several high-risk SPAC investments in [Client]’s account, such as Gores Guggenheim, Inc. (Ticker: GGPI), Digital World Acquisition Corp. (Ticker: DWAC), Switchback Energy Acquisition Corp. (Ticker: SBE), and five of the six offerings by Social Capital Hedosophia Holdings Corp.
Matthew Stucke filed for Bankruptcy
On 2/21/23 Stucke filed for bankruptcy in Georgia.
Goodman & Nekvasil, P.A., is investigating brokers who may have unsuitably recommended investments to its clients.
St. Petersburg, Florida law firm Goodman & Nekvasil, P.A., has a national practice representing victimized investors. The firm continues to investigate brokerage firms that placed elderly retirees and other conservative investors in unsuitable investments.
Goodman & Nekvasil, P.A., has filed numerous cases against brokerage firms selling high-risk investments and has recovered more than $400 million dollars on behalf of victimized investors.
We allege in these cases that these investment recommendations were unsuitable for our clients in view of their financial situation, needs and investment objectives.
There is no charge for an evaluation of your case. We handle our cases on a contingency fee basis. This means that unless we recover money for you, we charge no attorney’s fee.
If you incurred losses on your investment and would like your case evaluated by a securities attorney, please contact us.
Some of the information in this blog post was obtained from FINRA on 10/27/23. If you believe this information was reported incorrectly, please contact our firm: 1-800-500-4442.