Matthew Pomerantz Allegedly Failed to Follow Client’s Instructions

Matthew Pomerantz (CRD #: 6535723), a broker registered with Merrill Lynch, Pierce, Fenner & Smith, was involved in a recent investor dispute, according to his BrokerCheck record, accessed on February 22, 2023. Read on if you want to know more about his alleged conduct as a broker.

Investor Dispute

On December 23, 2022, an investor alleged that Matthew Pomerantz failed to follow their instructions with regard to the proceeds of a stock sale in October 2021. The client also alleged that he failed to act in their best interest. This dispute was denied by the firm.

Investors should know, however, that firms don’t need to allow an external review before denying a dispute. Investors can still pursue FINRA arbitration after a denial and may be able to recover their funds.

FINRA Rule 2010

FINRA Rule 2010 holds brokers to high standards of commercial honor and just and equitable principles of trade.

Regulation Best Interest

Regulation Best Interest (Reg-BI) is an SEC regulation that requires brokerage firms to put their clients’ best interests first. For example, firms must conduct reasonable due diligence when researching investments to ensure their recommendations are suitable for the investor.

Background Information

Matthew Pomerantz has passed the following exams:

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

Matthew Pomerantz is a registered broker in 28 states and the District of Columbia. He is also a registered investment adviser in Illinois, Nevada, and Texas.

Kurta Law Can Help

If you worked with Matthew Pomerantz 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.