Investor Alleges Matthew McDonald Made Misrepresentations

Matthew McDonald (CRD #: 2837629), a broker registered with Sigma Financial Corporation, allegedly made misrepresentations to a client, according to his BrokerCheck record, accessed on August 10, 2025. Investors may have also engaged his services through SPC. Keep reading for more information about his alleged conduct as a broker.

Investor Dispute

On April 11, 2025, an investor alleged that Matthew McDonald made misrepresentations and engaged in negligent conduct with regard to investments purchased from 2012-2016. The client further alleged that the broker-dealer failed to adequately supervise their account.

The investor seeks $230,000 in damages in this pending dispute.

FINRA Rule 2020

FINRA Rule 2020 prohibits brokerage firms and stockbrokers from making material misrepresentations or inducing people into buying investments with false statements about their potential benefits.  

Any of the following can be considered as misrepresentation or omission:

• Inadequate due diligence concerning security offerings 
• Failure to disclose of all material risks 
• Failure to disclose all transaction costs 
• Unrealistic presumptions for investment projections
• Inaccurate investment performance calculation 

Misrepresentations and omissions concerning material facts in investment recommendations deprive investors of the information they need to assess risks associated with a particular investment.  

FINRA Rule 3110

FINRA Rule 3110 requires that firms establish systems of supervision to maintain their compliance with securities regulations. Among other things, firms must appoint supervisors and ensure that they have adequate training or experience.

Background Information 

Matthew McDonald has passed the following exams: 

• Series 65 – Uniform Investment Adviser Law Examination 
• Series 63 – Uniform Securities Agent State Law Examination 
• SIE – Securities Industry Essentials Examination 
• Series 62 – Corporate Securities Limited Representative Examination 
• Series 22 – Direct Participation Programs Representative Examination 
• Series 6 – Investment Company Products/Variable Contracts Representative Examination 

Matthew McDonald is a registered broker in 12 states and a registered investment advisor in Michigan.  

Matthew McDonald has also worked with The Equitable Life Assurance Society of The United States (CRD#:4039) and AXA Advisors (CRD#:6627).

Kurta Law Can Help 

If you worked with Matthew McDonald and you have concerns about your investments, don’t hesitate to contact us today at 877-600-0098 or info@kurtalawfirm.com 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 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.