Michael Matteoni is the Subject of an Unsuitable Alternative Investment Dispute

Michael Matteoni (CRD #: 4177784), a broker registered with Triad Advisors, is the subject of an investor dispute. This is according to his BrokerCheck record, accessed on March 15, 2024. Details concerning this dispute are provided below. 

Investor Allegations 

On January 11, 2024, investors alleged that Michael Matteoni sold them unsuitable alternative investments. The investor is seeking $100,000. 

What is an Unsuitable Investment?

FINRA Rule 2111 requires brokers to evaluate whether an investment strategy fits their investor’s financial goals. Brokers must examine the investor’s profile, which contains the following investor characteristics:

• Age
• Risk tolerance
• Time horizon (i.e., how long the investor plans to hold the investment)
• Investing experience
• Tax status
• Financial goals

Alternative investments are often unsuitable because of their high risk. Investors who rely on brokers for recommendations may be able to recover losses from unsuitable investment recommendations by pursuing FINRA arbitration.

Background Information 

Michael Matteoni has passed the following exams: 

• Series 66 Uniform Combined State Law Examination
• Series 63 Uniform Securities Agent State Law Examination 
• SIE – Securities Industry Essentials Examination 
• Series 7 General Securities Representative Examination 

He is a registered broker and investment adviser in California, Idaho, Nevada, and South Dakota. He is also registered as a broker in Colorado and Texas. 

During his 23 years of experience, Michael Matteoni has registered with the following firms: 

• Triad Advisors (CRD #: 25803) 
• Securities America Advisors (CRD #: 110518) 
• Securities America (CRD #: 10205) 
• Brecek & Young Advisors (CRD #: 40395) 
• First Wall Street Corp. (CRD #: 13024) 
• Edward Jones (CRD #: 250) 

Kurta Law Can Help 

If you have worked with Michael Matteoni and you have concerns about your investments, do not hesitate to contact us 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 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. Do not let securities fraud go unchecked. Start your recovery process today.