According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Matthew Turner (Turner), currently associated with Westpark Capital, Inc., has at least one disclosable event. These events include one tax lien, alleging that Turner recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.
FINRA BrokerCheck shows a final customer complaint on January 15, 2025.
Without admitting or denying the findings, Turner consented to the sanctions and to the entry of findings that he willfully violated Exchange Act Rule 15l-1(a)(1) (Regulation BI) when he recommended trading in customer accounts, including those of seniors, that was excessive, unsuitable and not in their best interest. The findings stated that the customers relied on Turner’s advice and routinely followed his recommendations, and as a result, Turner exercised de facto control over the customers accounts. The trading generated $34,269.69 in commissions and resulted in realized losses of $160,822. The findings also stated that Turner exercised discretionary authority to place 148 trades in four customer accounts, including the three customer accounts he excessively traded, without obtaining written authorization from the customers and without his firm having accepted the accounts as discretionary.