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Investors Allege Matthew Engelau’s Trading Strategy Led to Losses

Securities Lawyer Jonathan Kurta
By: Jonathan Kurta Author
July 24, 2023 at 8:27pm

Matthew Engelau (CRD #: 5233851), a broker registered with LPL Financial, is the subject of a pending dispute, according to his BrokerCheck record, accessed on July 17, 2023. If you have questions about his alleged conduct as a broker, keep reading.

Investor Dispute

On June 5, 2023, multiple investors filed a dispute alleging that Matthew Engelau employed a trading strategy between January 2021 and February 2023 that resulted in losses. This dispute is currently pending.

FINRA Rule 2111

FINRA Rule 2111 requires brokers to take investors’ profiles into account when recommending investments. These profiles describe an investor’s age, risk tolerance, and other characteristics.

Suitability also applies to investment strategies. An example of a potentially unsuitable investment strategy is overconcentration, which comes with a level of risk beyond what is appropriate for many investors’ financial goals.

Investors who believe their losses were caused by unsuitable investment recommendations may be able to recover their funds through FINRA arbitration.

Background Information

Matthew Engelau has passed the following exams:

  • Series 66 – Uniform Combined State Law Examination
  • SIE – Securities Industry Essentials Examination
  • Series 7 – General Securities Representative Examination

Matthew Engelau is a registered broker in nine states and a registered investment adviser in New Jersey and Texas.

Kurta Law Can Help

If you worked with Matthew Engelau 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. 

 

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