Matt Ward Allegedly Engaged in Unauthorized Trading
Matt Ward (CRD #: 2075525), a broker registered with Aliiance Global Partners, was suspended by FINRA in March 2024. This disclosure appears on his BrokerCheck record, accessed on April 8, 2024. Investors may have engaged in his services through EPC Advisors Group.
Regulatory Action
On February 7, 2024, Matt Ward entered into an Acceptance, Waiver, and Consent agreement (AWC) in which he consented to the findings that he exercised discretion in customer accounts without prior authorization to do so from any of the customers and without his member firm having accepted any of the accounts as discretionary.
Terms of the AWC
As part of the terms of the AWC, Matt Ward consented to a $5,000 fine and a 15-day suspension. You can read a copy of the AWC here.
Unauthorized Trading
FINRA Rule 3260 limits discretionary trading by brokers to pre-approved discretionary accounts. These accounts must be approved for discretionary trading by both the client and the firm. Discretionary trading that takes place in an account that has not been approved is unauthorized.
Background Information
Matt Ward has passed the following exams:
- Series 63 Uniform Securities Agent State Law Examination
- SIE – Securities Industry Essentials Examination
- Series 7 General Securities Representative Examination
- Series 24 General Securities Representative Examination
He is a registered broker in 48 states and D.C. He is a registered investment adviser in California and Texas.
During his 33 years of experience, Matt Ward has registered with seven firms. These are the four most recent:
- Alliance Global Partners (CRD #: 8361)
- National Securities (CRD #: 7569)
- Maxwell Capital (CRD #: 40146)
- Merrill Lynch, Pierce, Fenner & Smith (CRD #: 7691)
Kurta Law Can Help
If you have worked with Matt Ward and have concerns about your investments, do not hesitate to contact us at 877-600-0098 or 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.
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