Sanjay Mathur Allegedly Recommended Unsuitable Foreign Security

Sanjay Mathur (CRD #: 1144243), a broker registered with RBC Capital Markets, allegedly recommended unsuitable investments, according to his BrokerCheck record, accessed on December 12, 2024. Keep reading to learn more about his alleged conduct as a broker.

Investor Disputes

In a pending dispute filed on November 6, 2024, an investor alleged that Sanjay Mathur made recommendations of a high-risk foreign security that was unsuitable given the client’s age and retirement timeline. The client alleged that these recommendations were made between October 15, 2015, and March 20, 2024.

On September 9, 2019, an investor alleged that Sanjay Mathur failed to evaluate the suitability of a security before recommending it and failed to disclose the details of his financial stake in the company. This misconduct allegedly took place between July 23, 2015, and September 9, 2019. The firm denied this dispute.

However, investors should know that firms can deny disputes without an external review. You may be able to recover your losses by seeking out FINRA arbitration after a denial.

FINRA Rule 2111

FINRA Rule 2111 requires that brokers tailor their investment recommendations to an investor’s profile, which describes characteristics such as their risk tolerance, tax status, and age.

Investors who feel their losses were caused by unsuitable investment recommendations may be able to recover their funds through FINRA arbitration.

FINRA Rule 2020

FINRA Rule 2020 prohibits the use of deceptive, manipulative, and otherwise fraudulent methods to influence the purchase and sale of securities. The misrepresentation or omission of information related to investments violates this rule.

Background Information

Sanjay Mathur has passed the following exams:

• Investment Company Products/Variable Contracts Principal Examination – Series 26
• Securities Industry Essentials Examination – SIE
• General Securities Representative Examination – Series 7
• Investment Company Products/Variable Contracts Representative Examination – Series 6
• Uniform Securities Agent State Law Examination – Series 63

Sanjay Mathur is a registered broker in 16 states and a registered investment adviser in California and Texas.

He has also worked for the following firms:

• Wells Fargo Clearing Services (CRD#:19616)
• Morgan Stanley Smith Barney (CRD#:149777)
• Morgan Stanley & Company (CRD#:8209)
• Morgan Stanley (CRD#:7556)
• Prudential Securities (CRD#:7471)
• PaineWebber (CRD#:8174)
• Lehman Brothers (CRD#:7506)
• First Investors Corporation (CRD#:305)

Kurta Law Can Help

If you worked with Sanjay Mathur 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.