Joe Mattia Allegedly Recommended an Unsuitable Investment

Joe Mattia (CRD #: 3204235), a broker registered with USI Securities, is the subject of an investor dispute. This is according to his BrokerCheck record, accessed on April 22, 2024. Keep reading if you have questions regarding his alleged conduct. 

Investor Allegations 

On March 19, 2024, an investor alleged that Joe Mattia recommended an unsuitable investment that did not suit his customer’s objectives and risk tolerance. 

What is an Unsuitable Investment?

FINRA Rule 2111 requires brokers to evaluate whether an investment strategy fits their investor’s financial goals. Brokers must examine the investor’s profile, which contains the following investor characteristics:

• Age
• Risk tolerance
• Time horizon (i.e., how long the investor plans to hold the investment)
• Investing experience
• Tax status
• Financial goals

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

Background Information 

Joe Mattia has passed the following exams: 

• Series 65 Uniform Investment Adviser Law Examination 
• Series 63 Uniform Securities Agent State Law Examination 
• Series 6TO Investment Company Products/Variable Contracts Representative Examination 
• SIE – Securities Industry Essentials Examination 
• Series 31 Futures Managed Funds Examination 
• Series 7 General Securities Representative Examination
• Series 6 Investment Company Products / Variable Contracts Representative Examination 
• Series 24 General Securities Representative Examination 

He is a registered investment adviser in Illinois. 

During his 24 years of experience, Joe Mattia has registered with the following firms: 

• USI Securities (CRD #: 43793) 
• USI Advisors (CRD #: 108113) 
• Choreo (CRD #: 111221) 
• LPL Financial (CRD #: 6413) 
• Edward Jones (CRD #: 250)
• Financial Network Investment Corporation (CRD #: 13572) 

Kurta Law Can Help 

If you have worked with Joe Mattia and have concerns about your investments, do not hesitate to contact us at 877-600-0098 or email info@kurtalawfirm.com for a free consultation. 

For nearly 20 years, Kurta Law has advocated for investors 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. Do not let securities fraud go unchecked. Start your recovery process today.