Matthew Hugh Hurley (CRD #1682165) Has Customer Dispute Disclosures on FINRA BrokerCheck

Matthew Hugh Hurley (CRD #1682165) is currently employed by and registered with Independent Financial Group, LLC, according to his FINRA BrokerCheck report. We reviewed his BrokerCheck report on February 10, 2026. It reflects six customer dispute disclosures. If you invested with Matthew Hugh Hurley and have concerns, keep reading.

BrokerCheck link: BrokerCheck

BrokerCheck report: BrokerCheck Report (PDF)

Investor Disputes / Customer Complaints

Matthew Hurley’s FINRA BrokerCheck Report reflects six customer dispute disclosures. A summary of two disputes is below. BrokerCheck shows one dispute is pending and five are final.

On December 11, 2025, a customer alleged Matthew Hurley recommended investments that were highly risky, foreign, concentrated, and not suitable. The customer sought $206,000 in damages. The dispute is pending and was filed in FINRA arbitration (Docket # 25-02728). Hurley’s statement says the firm’s initial investigation did not uncover evidence to support the allegations.

On January 19, 2016, a customer alleged Matthew Hurley failed to implement a 10% stop loss and charged excessive commissions. The customer sought $85,000 in damages. The matter settled for $15,000 on November 10, 2016. Hurley’s statement says the account used 10% stop losses on buy recommendations and the firm chose to settle without his consent.

FINRA BrokerCheck lists four additional customer dispute disclosures for Matthew Hurley. Investors can review the details in his BrokerCheck report.

Rule Summary #1: FINRA Rule 2111 (Suitability)

FINRA Rule 2111 requires brokers to have a reasonable basis for each recommendation. Customer complaints often question whether the product or strategy fit the investor’s risk tolerance, time horizon, and liquidity needs.

Rule Summary #2: FINRA Rule 2121 (Fair Prices and Commissions)

FINRA Rule 2121 requires that markups, markdowns, and commissions be fair and reasonable. Disputes that reference excessive commissions may raise questions about how fees were charged and explained.

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 Hurley:

Is currently employed by and registered with Independent Financial Group, LLC.

Has passed the Securities Industry Essentials (SIE) exam. Matthew Hurley has also passed Series 7, Series 65, and Series 63.

Was previously registered with firms that include Wells Fargo Clearing Services, LLC and Oppenheimer & Co. Inc.

Kurta Law Can Help

If you have worked with Matthew Hurley 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 | Securities Attorney

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.