Securities Lawyers Blog
According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Matthew Romeo (Romeo), previously associated with Mid Atlantic Capital Corporation, has at least one disclosable event. These events include one customer complaint, alleging that Romeo recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.
FINRA BrokerCheck shows a settled customer complaint with a damage request of $500,000.00 on December 28, 2023.
In August 2014, Claimant opted to invest in a Real Estate Investment Trust contrary to Mr. Romeo’s recommendation that he invest in a diversified portfolio of stocks and bonds. Claimant was seeking a source of income and he liked and understood real estate. Claimant’s investment has not met his expectations and he now alleges the REIT was misrepresented and was unsuitable for him.