Goodman & Nekvasil P.A., May Recover Investor Losses on Unit Investment Trusts – Scott Frederick Matthews (Scott Matthews) Barred from Securities Industry and Fired by Key Investment Services LLC
From 2009 until Scott Matthews’s firing in 2013, Scott Matthews was licensed with Key Investment Services LLC. According to FINRA’s records, Scott Matthews was fired by Key Investment Services LLC on November 11, 2013. Key Investment Services LLC reported to FINRA that Key Investment Services LLC received three written sales practice customer complaints alleging misrepresentation by Scott Matthews regarding the same security [Unit Investment Trust] during the last week of June 2013. Key Investment Services LLC also reported that Scott Matthews admitted that Scott Matthews failed to properly disclose risk to the customers in making the sales recommendations [of Unit Investment Trust].
Subsequent to Scott Matthews’ firing by Key Investment Services LLC, FINRA investigated Scott Matthews and brought a disciplinary action against Scott Matthews. Scott Matthews was permanently barred from the securities and investment banking industry on March 12, 2015. FINRA reports that Scott Matthews consented to the sanction and to the entry of findings that Scott Matthews failed to respond to FINRA request for information.
FINRA reports that six complaints involving Scott Matthews’ conduct with Key Investment Services LLC were filed, alleging Scott Matthews misrepresented the features, cost, and/or risk of a UIT. These six complaints all settled, with the largest settling for $97,500.
If you lost any money on UITs and/or other investments with Scott Matthews, you may be able to recover your losses from Key Investment Services LLC. This is because Key Investment Services LLC had a duty to supervise Scott Matthews.
If you lost money on UITs and/or other investments with Scott Matthews and believe the investments may have been unsuitable or otherwise improper for you, we would like to discuss the possibility of your retaining our firm to represent you in an arbitration action against Key Investment Services LLC concerning Scott Matthews’ conduct. There is no charge for an evaluation of your case. Further, we handle our cases on a contingency fee basis. This means that unless we recover money for you, we charge no attorney’s fee. Unless you recover any money, you pay us nothing, not even the costs and expenses which the firm will advance on your behalf.
Kalju Nekvasil, Esq., formerly regional counsel with the NASD, now known as FINRA, has practiced in this area of the law for more than 35 years. Goodman & Nekvasil, P.A. has recovered more than $300 million on behalf of victimized investors. If you lost money on UITs and/or other investments with Scott Matthews and would like your case evaluated by a securities attorney (again, there is no charge for an evaluation and all cases are handled on a purely contingency fee basis), please contact us.
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