FINRA Bars Investors Capital Broker For Obstruction

Investment Fraud Law
UCC blog pic - FINRA Bars Investors Capital Broker For Obstruction

Matthew Earl Peregoy, of Brick, New Jersey, a stockbroker formerly registered with Investors Capital Corp., has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he failed to comply with FINRA in the course of an investigation into Peregoy’s alleged mishandling of funds. Letter of Acceptance, Waiver and Consent, No. 2017054026701 (Jan. 16, 2018).

According to the AWC, FINRA notified Peregoy that it sought Peregoy’s documentation and information relating to his possible misuse of funds and failure to make required disclosures about a civil judgment. Apparently, Peregoy responded to FINRA on December 18, 2017, acknowledging that FINRA’s request had been received. Yet, Peregoy stated to FINRA that he would not be providing the regulator with the information and documentation that was requested of him. FINRA found Peregoy’s failure to cooperate to be violative of FINRA Rules 2010 and 8210.

FINRA Public Disclosure confirms that on November 18, 2004, a customer initiated investment related written complaint in reference to Peregoy’s conduct was settled for $20,201.86 in damages supported by allegations that while Peregoy was associated with The Investment Center, Inc., he was designated as a custodian on the customer’s variable annuity account without the customer’s knowledge or consent.

Peregoy’s employment with Investors Capital Corp. was terminated on July 23, 2016.

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