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Investor Alleges John Mateyko Misrepresented Structured Notes

John Mateyko (CRD #: 3275621), a broker registered with PeachCap Securities, allegedly violated several FINRA rules, according to his BrokerCheck record, accessed on July 10, 2023. Investors may have also engaged his services through PeachCap Tax & Advisory. Read on if you have questions about his alleged conduct as a broker.

Pending Investor Disputes

On May 8, 2023, an investor alleged that John Mateyko engaged in misrepresentation with regard to the client’s structured notes. They seek $250,000 in damages in this pending dispute.

In a dispute filed on April 21, 2023, investors named John Mateyko in allegations that he recommended unsuitable and illiquid alternative investments (specifically, non-traded real estate investment trusts) between 2014 and 2018. Clients identified one of these allegedly unsuitable products as Hospitality Investment Trust.

Further, the clients allege they were advised to hold their investments, resulting in almost complete losses on their investment in Hospitality Investment Trust. These clients seek $606,000 in this pending dispute.

On August 24, 2022, an investor named John Mateyko in a dispute alleging violation of the suitability rule. The client seeks $268,000 in this pending dispute.

FINRA Rule 2020

The misrepresentation of information related to investments violates FINRA Rule 2020, which bans the use of manipulation, deception, and other fraudulent means of influencing the purchase and sale of securities.

FINRA Rule 2111

FINRA Rule 2111 requires brokers to recommend securities that sufficiently fit an investor’s financial goals. Brokers must take into account the information contained in the investor’s profile, including the following client characteristics:

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

Investors who believe their losses are the result of unsuitable investment recommendations may be able to recover their funds by pursuing FINRA arbitration.

What is a Real Estate Investment Trust?

A real estate investment trust (REIT) is a company that owns and maintains a real estate portfolio. Investors can pool their money into REITs and earn dividends from this portfolio without financing or managing the real estate directly. However, REITs tend to be illiquid and unsuitable for many investors.

Settled Disputes

On April 2, 2022, an investor alleged that John Mateyko committed negligence with regard to recommendations of real estate investment trusts (REITs). The client sought $2 million in damages and received a settlement of $750,000.

A dispute filed on July 1, 2021, alleged that John Mateyko made misrepresentations and committed unspecified violations of suitability concerning purchases of REITs and Business Development Programs from 2014-2018. The client sought $500,000 and received a settlement of $330,000.

FINRA Rule 3110

FINRA Rule 3110 requires that firms maintain systems of supervision over their employees. This includes appointing adequately trained or experienced supervisors and creating Written Supervisory Procedures (WSPs) to guide their work.

What is broker negligence?

Brokers may act in a variety of negligent ways. Examples of negligent conduct include failure to supervise, unsuitable investment recommendations, and excessive trading. Investors who feel their losses are the result of broker negligence may be able to recover their funds through FINRA arbitration.

What is a Business Development Company?

A Business Development Company (BDC) provides financing to other businesses, typically small- or mid-sized companies struggling to get a loan. Because of the risks associated with BDCs, they may not be suitable for all investors.

Background Information

John Mateyko 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

John Mateyko is a registered broker in 17 states and a registered investment adviser in Georgia and Illinois.

He has also worked for the following firms:

  • World Equity Group (CRD#:29087)
  • Fifth Third Securities (CRD#:628)
  • Chase Investment Services (CRD#:25574)
  • U.S. Bancorp Investments (CRD#:17868)
  • Vision Asset Management (CRD#:110412)
  • Vision Investment Services (CRD#:46609)
  • Atlas Securities (CRD#:20991)
  • Morgan Stanley DW (CRD#:7556)

Kurta Law Can Help

If you worked with John Mateyko and you have concerns about your investments, please contact us today at 877-600-0098 or info@kurtalawfirm.com 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 and 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.