Publicly available records published by the Financial Industry Regulatory Authority (FINRA) and accessed on May 15, 2019 indicate that former Wisconsin-based Mutual of Omaha Investor Services broker/adviser Edward Matthes, who has received multiple resolved or pending customer complaints, has been sanctioned by FINRA in connection to alleged rule violations and barred from acting as a broker or otherwise associating with a broker-dealer firm. Fitapelli Kurta is interested in speaking to investors who have complaints regarding Mr. Matthes (CRD# 2788055).
Edward Matthes has spent 20 years in the securities industry and was most recently registered with Mutual of Omaha Investor Services in Ocomowoc, Wisconsin (2012-2019). Previous registrations include Thrivent Investment Management in Ocomowoc, Wisconsin (2006-2012); MML Investors Services in Chesterfield, Missouri (2006); Thrivent Investment Management in Minneapolis, Minnesota (1999-2006); and AAL Capital Management Corporation in Minneapolis, Minnesota (1996-1997). He has passed five securities industry examinations: Series 65 (Uniform Investment Adviser Law Examination), which he obtained on April 19, 2002; Series 63 (Uniform Securities Agent State Law Examination), which he obtained on August 16, 1996; SIE (Securities Industry Essentials Examination), which he obtained on October 1, 2018; Series 7 (General Securities Representative Examination), which he obtained on July 26, 2001; and Series 6 (Investment Company Products/Variable Contracts Representative Examination), which he obtained on September 19, 1996. He is currently not registered with any state or firm.
According to his BrokerCheck report, he has received two customer complaints, ten pending customer complaints, and one regulatory sanction.
In March 2019 a customer alleged Edward Matthes, while employed at Mutual of Omaha Investor Services, did not invest the funds he intended to place for investment and instead deposited them into a personal bank account. The customer is seeking $100,000 in damages in the pending complaint.
In March 2019 a customer alleged Edward Matthes, while employed at Mutual of Omaha Investor Services, misappropriated funds by placing them into his personal bank account. The customer is seeking more than $512,900 in damages in the pending complaint.
In March 2019 he was named in an investigation by the Federal Bureau of Investigation into “alleged misappropriation of funds.” The investigation remains pending.
In March 2019 he was terminated from Mutual of Omaha Investor Services in connection to allegations he created false account statements and diverted client funds for his own use.
In March 2019 FINRA sanctioned him in connection to allegations he failed to provide documents and information in connection with an investigation. He was indefinitely barred from acting as a broker or otherwise associating with a broker-dealer firm.
In 2012 a customer alleged Edward Matthes, while employed at Thrivent Investment Management, unsuitably transferred funds from an income agreement to a variable annuity. The complaint settled for more than $75,800.
If you or someone you know has lost money investing with Edward Matthes, call Fitapelli Kurta at 877-238-4175 for a free consultation. You may be eligible to recoup your losses. Fitapelli Kurta accepts all cases on a contingency basis: we only get paid if and when you collect money. Time to file your claim may be limited, so we encourage you to avoid delay. Call 877-238-4175 now to speak to an attorney for free.