Matthew Iacono (CRD #5759124) Has a Customer Dispute Disclosure on FINRA BrokerCheck

Matthew Iacono (CRD #5759124) is a broker with a customer dispute on FINRA BrokerCheck. We reviewed his BrokerCheck report on January 28, 2026. It reflects one customer dispute. If you invested with Matthew Iacono and have concerns, keep reading.

BrokerCheck link: BrokerCheck

BrokerCheck report: BrokerCheck Report (PDF)

Investor Disputes / Customer Complaints

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

On November 3, 2025, claimants alleged violations of Regulation Best Interest and misrepresentation. The claims involve an investment strategy and cover the period from March 2023 to April 2024. Matthew Iacono’s FINRA BrokerCheck report lists the product as a non-broker-dealer affiliate product. The dispute is pending in FINRA arbitration under Case No. 25-02375. BrokerCheck lists the alleged damages as unspecified.

Rule Summary #1: FINRA Rule 2210 (Communications with the Public)

FINRA Rule 2210 requires member communications to be fair and balanced. It also prohibits misleading statements or the omission of material facts in a way that could mislead an investor.

Rule Summary #2: FINRA Rule 2010 (Standards of Commercial Honor and Principles of Trade)

FINRA Rule 2010 requires firms and associated persons to observe high standards of commercial honor. Disputes that allege misrepresentation can raise a simple question. Was the recommendation explained and handled in a just and equitable way?

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:

1. 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.
2. Care Obligation – Broker-dealers must use reasonable diligence, care, and skill. They must consider costs, risks, and alternatives when making a recommendation.
3. 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.
4. 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 Iacono:

Is currently registered with Morgan Stanley.

Has passed the Securities Industry Essentials (SIE) exam. He has also passed Series 7 and Series 66. BrokerCheck lists the Certified Financial Planner (CFP) designation.

Was previously registered with UBS Financial Services Inc.

Kurta Law Can Help

If you worked with Matthew Iacono and you have concerns, Kurta Law may be able to help. An attorney can review your legal options. To speak with Kurta Law, call 877-600-0098 or email info@kurtalawfirm.com.

Helpful resources: FINRA Arbitration | Misrepresentation and Omission

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. An attorney can also explain possible next steps.