Matthew David Calhoun (CRD #4425914) Has a Customer Dispute Disclosure on FINRA BrokerCheck

Matthew David Calhoun (CRD #4425914) is a broker with a customer dispute on FINRA BrokerCheck. We reviewed his BrokerCheck report on June 18, 2026. It reflects one customer dispute. If you invested with Matthew Calhoun and have concerns, keep reading.

BrokerCheck link: BrokerCheck

BrokerCheck report: BrokerCheck Report (PDF)

Investor Disputes / Customer Complaints

Matthew Calhoun’s FINRA BrokerCheck Report reflects one customer dispute disclosure. A summary of the dispute is below:

On March 26, 2026, a customer alleged Matthew Calhoun recommended a private placement in 2024 that resulted in losses. The customer sought $83,000 in damages. Matthew Calhoun FINRA BrokerCheck lists the product as equity listed, with a private placement noted. Cambridge Investment Research, Inc. was the firm involved. The complaint was closed with no action on May 18, 2026.

Rule Summary #1: FINRA Rule 2111 (Suitability)

FINRA Rule 2111 requires a reasonable basis for each recommendation. A broker should consider the customer’s profile. That includes risk tolerance, liquidity needs, and time horizon. Private placements may raise fit and risk questions.

Rule Summary #2: FINRA Rule 3110 (Supervision)

FINRA Rule 3110 requires firms to supervise their business. Firms must use systems that help review broker recommendations. Customer complaints may raise questions about oversight and documentation.

Why This Matters to Investors (Regulation Best Interest)

Regulation Best Interest (Reg BI) is a U.S. securities regulation. It strengthens the standard of conduct that broker-dealers owe to retail investors. It applies when they recommend securities transactions or investment strategies. The U.S. Securities and Exchange Commission adopted Reg BI. It became effective on June 30, 2020. Reg BI aims to protect investors while preserving access to brokerage products and services.

Reg BI requires broker-dealers and financial advisors to act in a retail customer’s best interest at the time of a recommendation. They must not place their own financial or other interests ahead of the customer’s. This standard is higher than the older “suitability” rule. Suitability meant a recommendation only had to be appropriate. It did not have to be the best option or free of conflicts.

Reg BI has four key obligations:

Disclosure Obligation – Broker-dealers must disclose material facts about the relationship and the recommendation. This includes fees, the scope of services, and conflicts of interest.

Care Obligation – Broker-dealers must use reasonable diligence, care, and skill. They must consider costs, risks, and alternatives when making a recommendation.

Conflict of Interest Obligation – Firms must identify conflicts of interest. They must disclose them and mitigate or eliminate them. This includes conflicts that create incentives to favor one product over another.

Compliance Obligation – Firms must maintain policies and procedures. Those policies should be designed to ensure compliance with Reg BI as a whole.

Reg BI applies to each recommendation. It is not a continuous duty like the fiduciary standard for registered investment advisers. Even so, it narrows the gap. It puts more focus on costs, conflicts, and investor-focused decision-making.

Overall, Regulation Best Interest promotes transparency. It also aims to improve the quality of investment recommendations. It is designed to reinforce trust between retail investors and broker-dealers in the U.S. securities markets.

Background Information (from BrokerCheck)

Based on his FINRA BrokerCheck report, Matthew Calhoun:

Is currently registered with Osaic Wealth, Inc. He is also registered with Signature Equity Partners, LLC as an investment adviser representative.

Has passed the Securities Industry Essentials (SIE) exam. Matthew Calhoun has passed Series 7, Series 6, and Series 31. He has also passed Series 65, Series 63, and Series 26.

Was previously registered with firms that include Cambridge Investment Research, Inc., First Financial Equity Corporation, Morgan Stanley, and PFS Investments Inc.

Kurta Law Can Help

If you have worked with Matthew Calhoun and you have concerns about his activity, Kurta Law may be able to help you evaluate your legal options. To speak with Kurta Law, call 877-600-0098 or email info@kurtalawfirm.com.

Helpful resources: Unsuitable Investments | Investment Fraud

For nearly 20 years, Kurta Law has advocated for investors and helped hold financial professionals accountable. Our firm represents clients nationwide in securities arbitration and related disputes. If you believe a broker or firm mishandled your account, an attorney can review the facts and explain possible next steps.