Stephen Mattocks Facing a REIT Dispute

Stephen Mattocks (CRD #: 2193216), a broker registered with Osaic Wealth, is the subject of an investor dispute. This disclosure appears on his BrokerCheck record, accessed on September 19, 2024. Details concerning this dispute are provided below. 

Investor Allegations 

On August 3, 2024, an investor alleged Stephen Mattocks misrepresented a Real Estate Investment Trust (REIT). The dispute was denied, but investors should know they can still recover losses following a denial.

This is the third investor dispute on his record. 

Misrepresentation 

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 material facts violates this rule.

What Are REITs?

A real estate investment trust (REIT) allows investors to pool their funds together in a portfolio of real estate and earn returns without the responsibility of managing the properties themselves. 

However, the lack of liquidity associated with REITs may make them unsuitable for some investors.

Background Information 

Stephen Mattocks 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 7 General Securities Representative Examination
• Series 6 Investment Company Products/ Variable Contracts Representative Examination 

He is a registered broker in nine states and is a registered investment adviser in Kansas, Missouri, and Oklahoma. 

Stephen Mattocks has registered with eight firms. These are the four most recent: 

• Osaic Wealth (CRD #: 23131) 
• Sagepoint Financial (CRD #: 133763) 
• SunAmerica Securities (CRD #: 20068) 
• Next Financial Group (CRD #: 46214) 

Kurta Law Can Help 

If you worked with Stephen Mattocks and you have concerns about your investments, do not hesitate to contact us at 877-600-0098 or email 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.