Securities Lawyers Blog
According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Michael Mattes (Mattes), previously associated with Merrill Lynch, Pierce, Fenner & Smith Incorporated, has at least one disclosable event. These events include one customer complaint, alleging that Mattes 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 $556,566.58 on July 27, 2022.
The customer alleges that a line of credit was unsuitable for his investment objectives. He also alleges failure to disclose material facts and unauthorized transfers from April of 2016 until April of 2019.