Matthew Bayer Named in Dispute Alleging Unsuitable Investments

Matthew Bayer (CRD #: 2744627), a broker registered with Harbour Investments, allegedly facilitated purchases of unsuitable investments, according to his BrokerCheck record, accessed on January 19, 2023. Read on if you have questions about his alleged conduct as a broker.

Investor Dispute

On November 30, 2022, an investor alleged that Matthew Bayer facilitated the purchases of an unsuitable annuity and mutual fund on August 23, 2021, using the proceeds received through the death of the client’s spouse. The client alleged that these investments exceeded her risk tolerance.

The investor sought $57,173.78 in damages but the firm denied the dispute.

Investors should know, however, that firms can deny disputes without an external review. Investors may be able to recoup their losses following a denial by seeking out FINRA arbitration after a denial.

FINRA Rule 2111

FINRA Rule 2111 requires brokers to tailor their investment recommendations to suit investors’ profiles. These profiles contain information about investors’ tax status, risk tolerance, and financial goals.

Investors who rely on brokers for investment recommendations can pursue FINRA arbitration and potentially recover their losses.

Background Information

Matthew Bayer 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 6 – Investment Company Products/Variable Contracts Representative Examination
• Series 24 – General Securities Principal Examination

Matthew Bayer is a registered broker in 20 states and a registered investment adviser in Ohio.

He has also worked for the following firms:

• WRP Investments (CRD#:7365)
• Linsco/Private Ledger Corporation (CRD#:6413)
• A. CH. Securities (CRD#:44630)
• Securities Service Network (CRD#:13318)
• Commonwealth Equity Services (CRD#:8032)
• LaSalle ST Securities (CRD#:7191)
• Saperston Financial (CRD#:27863)
• Eisner Securities (CRD#:40585)
• MFI Investments (CRD#:2864)

Kurta Law Can Help

If you worked with Matthew Bayer 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.