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Matthew Fiori is Facing a Suitability Dispute

Matthew Fiori (CRD #: 6245653), a broker registered with Equitable Advisors, is the subject of an investor dispute. This is according to his BrokerCheck record, accessed on January 5, 2023. Keep reading if you have questions concerning his alleged conduct as a broker. 

On October 30, 2023, an investor’s son alleged Matthew Fiori sold his father an unsuitable annuity in 2016. 

Annuities can be unsuitable for a number of reasons, including lack of liquidity and high fees. 

What is an Unsuitable Investment?

FINRA Rule 2111 requires brokers to evaluate whether an investment strategy fits their investor’s financial goals. Brokers must examine the investor’s profile, which contains the following investor characteristics:

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

Investors who rely on brokers for recommendations may be able to recover losses from unsuitable investment recommendations by pursuing FINRA arbitration.

Background Information 

Matthew Fiori has passed the following exams: 

  • Series 66 Uniform Combined State Law Examination 
  • Series 63 Uniform Securities Agent State Law Examination 
  • SIE – Securities Industry Essentials Examination 
  • Series 7 General Securities Representative Examination 

He is a registered investment adviser and broker in Florida, Maryland, New Jersey, and Pennsylvania. 

During his nine years of experience, he has registered with five firms: 

  • Equitable Advisors (CRD #: 6627) 
  • Citizens Securities (CRD #: 39550) 
  • PNC Investments (CRD #: 129052) 
  • Edward Jones (CRD #: 250) 
  • Vanguard Marketing Corporation (CRD #: 7452) 

Kurta Law Can Help 

If you have worked with Matthew Fiori and have concerns about your investments, do not hesitate to contact us at 877-600-0098 or 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.