Matthew Jordan Werthe (also known as Matt Werthe) of Murrieta California a stockbroker formerly registered with Raymond James Financial Services Inc. has been discharged on May 9, 2019 supported by accusations that Werthe violated the policies or procedures of the securities broker dealer by engaging in suspicious and unauthorized communications with customers of Raymond James while he was employed by the firm.

Financial Industry Regulatory Authority (FINRA) Public Disclosure confirms that Werthe is referenced in three additional customer initiated investment related disputes containing allegations of Werthe’s violative conduct while employed with Raymond James Financial Services. Specifically, a customer filed an investment related arbitration claim involving Werthe’s activities in which the customer requested $728,000.00 in damages founded on accusations that transactions effected in the customer’s investment account failed to be suitable for the customer; the customer’s brokerage account was handled with poor care; contractual and fiduciary obligations which were owed to the customer had been breached; mutual fund and stock trades had been executed in the customer’s investment account on an excessive and unwarranted basis; the customer’s investment portfolio was churned; and the customer had been victimized by fraudulent investment related activities. FINRA Arbitration No. 18-01102 (Apr. 3, 2018).

Thereafter, a customer initiated investment related arbitration claim involving Werthe’s conduct was resolved for $80,000.00 in damages based upon allegations that between 2013 and 2016, trades placed in the customer’s brokerage account by Werthe were unsuitable for the customer; misrepresentations and omissions had been made by Werthe pertaining to the customer’s equity investments; and fiduciary duties that were owed to the customer had been breached. FINRA Arbitration No. 16-03054 (May 11, 2018).

Werthe is also is referenced in a customer initiated investment related arbitration claim which was settled for $150,000.00 in damages supported by accusations that the customer’s investment account was handled in a negligent manner; fiduciary and contractual duties were violated; the customer’s signature had been forged on account documentation in order for securities transactions to be placed; unauthorized, unlawful stock and margin based trades were executed; the customer’s equity portfolio was churned; the customer had been defrauded; and Raymond James failed to supervise Werthe’s investment related activities in the customer’s account which ultimately contributed to the customer experiencing unwarranted losses. FINRA Arbitration No. 18-00070 (Feb. 20, 2019).

The information contained herein has been obtained from reliable sources however may not be accurate and is not guaranteed by us. Readers are encouraged to undertake their own independent investigation and evaluation of the relevant facts. All claims and allegations are subject to adjudication, decisions may be subject to appeal, and no inference is intended, nor should any inference be made from any information contained herein from any source.

Questions or comments regarding the source or accuracy of any information, including any subsequent developments, should be directed to:  [email protected]

This posting and the information on our website is for general information purposes only. This content should be not considered legal advice, and any responses, comments, e-mails, other communications do not form any attorney client relationship. Attorney Advertisement. See Important Disclaimer.

Guiliano Law Group, P.C.

Our practice is limited to the representation of investors. Over the last three decades, we have recovered more than a hundred million dollars for more than 1,000 injured investors from all over the United States and several foreign countries. We accept representation purely on a contingent fee basis, meaning there is no cost to you unless we make a recovery for you. There is never any charge for a confidential consultation or an evaluation of your claim. For more information, contact us at (877) SEC-ATTY.

For more information concerning common claims against stockbrokers and investment professionals, please visit us at stockbrokerfraud.com

To learn more about FINRA Securities Arbitration, and the legal process, please visit us at securitiesarbitrations.com

Stockbroker Fraud. Securities Arbitration and Investment Fraud Lawyers.  
National Practice. Contingent Fee. Confidential Free Consultation.

 (877) SEC-ATTY

Tags: ,

No comments yet.

Leave a Reply

Name (required)

Email (will not be published) (required)

Website