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Matthew Verbit Terminated from GFI Securities

Securities Lawyer Jonathan Kurta
By: Jonathan Kurta Author
September 23, 2025 at 11:12pm

Matthew Verbit (CRD #: 5020157), a broker registered with LPS Capital, was fired from his previous firm, according to his BrokerCheck record, accessed on August 9, 2025. Keep reading if you want to know more about his alleged conduct as a broker.

Termination from GFI Securities

On April 11, 2025, Matthew Verbit was fired from GFI Securities following allegations that he used a firm-sponsored credit card to take out advances for himself and others. He allegedly also knowingly paid the balance on the card using linked bank accounts that had insufficient funds in order to make additional credit available.

FINRA Rule 2010

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

Background Information

Matthew Verbit has passed the following exams:

  • Securities Trader Exam – Series 57TO
  • Securities Industry Essentials Examination – SIE
  • Limited Representative-Equity Trader Exam – Series 55
  • National Commodity Futures Examination – Series 3
  • General Securities Representative Examination – Series 7
  • Uniform Securities Agent State Law Examination – Series 63

Matthew Verbit is a registered broker in Connecticut and New York.

He has also worked for the following firms:

  • GFI Securities (CRD#:19982) 
  • Murphy & Durieu (CRD#:6292)
  • Citigroup Global Markets (CRD#:7059) 

Kurta Law Can Help

If you worked with Matthew Verbit 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 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. 

 

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