Publicly available records provided by the Financial Industry Regulatory Authority (FINRA) and accessed on February 21, 2018 indicate that Washington-based Cetera Advisors broker/adviser Richard Matoff has been involved in resolved or pending customer disputes. Fitapelli Kurta is interested in speaking to investors who have complaints regarding Mr. Matoff (CRD# 322918).
Richard Matoff has spent 35 years in the securities industry and has been registered with Cetera Advisors in Redmond, Washington since 2012. Previous registrations include Pacific West Securities in Renton, Washington (2008-2012); Geneos Wealth Management in Kirkland, Washington (2006-2008); Securities America in Spokane, Washington (1998-2006); Financial Network Investment Corporation in El Segundo, California (1995-1998); United California Securities in Encino, California (1990-1995); Smith Barney Harris Upham & Company in New York, New York (1989-1990); Sutro & Company in San Francisco, California (1987-1989); Drexel Burnham Lambert (1984-1987); Becker Paribas (1984); and Oppenheimer & Company (1981-1984). He has passed three securities industry examinations: Series 65 (Uniform Investment Adviser Law Examination), which he obtained on September 28, 1994; Series 63 (Uniform Securities Agent State Law Examination), which he obtained on January 20, 1983; and Series 1 (Registered Representative Examination), which he obtained on September 15, 1981. He is a registered broker and investment adviser with eight US states and territories: Arizona, California, Florida, Idaho, Kentucky, Oregon, Texas, and Washington.
According to his BrokerCheck report, he has received two customer complaints and one pending customer complaint.
In December 2017 a customer alleged he, while employed at Cetera Advisors, made poor investment recommendations, provided poor advice, and executed excessive trades. The customer is seeking $250,000 in damages in the pending complaint.
In 2003 a customer alleged he, while employed at Securities America, recommended an unsuitable annuity investment. The customer sought $57,000 in damages in the complaint, which was denied.
In 1991 a customer alleged Richard Matoff, while employed at Sutro & Company, misrepresented material facts and coerced him into buying an investment. The complaint resulted in an award to the customer of $18,000.
In 1984 a customer alleged Richard Matoff, while employed at Oppenheimer & Company, misrepresented material facts and violated RICO. The complaint settled in 1986 for $97,500.
If you or someone you know has lost money investing with Richard Matoff, call the experienced attorneys at 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.