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Alex Mathis Allegedly Recommended Unsuitable Investments 

Aug 31, 2023 Unsuitable Investments

Alex Mathis (CRD #: 2235598), a broker registered with Western International Securities, is the subject of an investor dispute, according to his BrokerCheck record, accessed on August 30, 2023. Keep reading if you have questions about his alleged conduct. 

On June 1, 2023, an investor alleged that Alex Mathis recommended unsuitable investments. The dispute was denied, but investors should know that firms can deny disputes without any external review. Following a denial, investors may still be able to recover their funds via FINRA arbitration.

There is another suitability dispute on his record from 2018. 

FINRA Rule 2111 

FINRA Rule 2111 requires brokers to evaluate whether an investment fits their investor’s financial goals.

Some common violations of this rule include:

  • Excessive trading, which violates the need for quantitative suitability. This means that overall trading activity must also suit an investor’s goals.
  • Recommendations of unsuitable investment strategies. For instance, overconcentration of securities in a certain stock or sector is typically unsuitable due to the degree of risk.
  • Recommendations of high-risk or illiquid investments. These investments may lead to losses or high fees for the investor.

Investors who rely on brokers for recommendations may be able to recover their losses by pursuing FINRA arbitration.

Background Information 

Alex Mathis has passed the following exams: 

  • Series 65 Uniform Investment Adviser Law Examination 
  • Series 63 Uniform Securities Agent State Law Examination 
  • SIE – Securities Industry Essentials Examination 
  • Series 7 General Securities Representative Examination 
  • Series 24 General Securities Principal Examination 

He is a registered broker in California, Florida, and Washington. He is a registered investment adviser in California, Florida, and Washington. 

Alex Mathis has registered with the following firms: 

  • Western International Securities (CRD #: 39262) 
  • LPL Financial (CRD #: 6413) 
  • Merrill Lynch, Pierce, Fenner & Smith (CRD #: 7691) 
  • Interfirst Capital Corporation (CRD #: 7659) 
  • San Clemente Financial Group Securities (CRD #: 21895) 
  • Aegon USA Securities (CRD #: 13302) 
  • The Trading Desk (CRD #: 22908) 

Kurta Law Can Help

If you worked with Alex Mathis and you have concerns about your investments, please contact us today at 877-600-0098 or for a free consultation.

For over 20 years, Kurta Law has advocated on behalf of investors who want to recover their investment losses from brokers and brokerage firms. Kurta Law is a nationally recognized law firm that exclusively represents investors against brokers and brokerage firms on a contingency basis. This means that the firm only earns a fee if our securities attorneys recover money on your behalf.