John Nicholas Matson

Former LPL Investment Advisor, John Nicholas Matson, Barred by FINRA

John Nicholas Matson (CRD #1796541) is a previously registered broker and investment advisor who has been barred by FINRA from acting as a broker or associating with a broker-dealer firm. 

Matson, who has had a career spanning 26 years with various firms, has faced numerous allegations and disciplinary actions.

Complaints and Regulatory Actions against John Nicholas Matson

According to FINRA’s BrokerCheck (a free tool that helps research the professional backgrounds of brokers and brokerage firms, uncovering customer complaints and legal actions), John Nicholas Matson has had six disclosures related to customer disputes and regulatory actions. 

Here is a summary of the complaints and regulatory actions against him during his employment at various firms.

Disclosures and Settlements

July 27, 2023
A customer dispute was settled where the customer alleged that Matson sold her a promissory note worth $300,000 in February 2019, away from LPL Financial. The dispute was settled for $180,000.

January 26, 2023
Another customer dispute covering the period from January 5, 2012, to January 26, 2023, was settled. The case was settled for $180,000.

December 19, 2022
A regulatory action initiated by FINRA resulted in Matson being permanently barred from the securities industry. Matson consented to the sanction without admitting or denying the findings. The findings stated that Matson refused to provide documents and information requested by FINRA in connection with an investigation into a customer’s investments in promissory notes recommended by Matson. This issue originated from an 80-year-old customer’s call to the FINRA Securities Helpline for Seniors, reporting that Matson had recommended investing in a promissory note and ceased making promised interest payments on the note.

November 16, 2022
Matson was discharged from LPL Financial LLC for participating in firm-unapproved investments without notice to or approval from the firm.

March 8, 2017
A customer dispute was denied where the client alleged a lapse in supervision and management of specific accounts, resulting in significant losses from March 2013 to December 2015. The client sought $33,685 in damages.

April 13, 2010
A customer dispute was settled where the client alleged churning, unsuitable investment recommendations, negligence, breach of contract, breach of duties, and failure to supervise, resulting in losses of $353,000. The dispute was settled for $137,500.

Employment History

Matson has been associated with several firms throughout his career:

  • LPL Financial LLC (2017 – 2022)
  • Ameriprise Financial Services, Inc. (2015 – 2017)
  • LPL Financial LLC (2007 – 2015)
  • Citigroup Global Markets Inc. (2004 – 2007)
  • Merrill Lynch, Pierce, Fenner & Smith Inc. (1996 – 2004)

How to Recover Your Losses If You Believe You Have Been Victimized by John Nicholas Matson

Our law firm is investigating claims of investment losses by current and former customers of John Nicholas Matson. If you have been a victim of fraud or misconduct associated with John Nicholas Matson, please contact our firm today.

Federal and state securities laws protect you against investment losses resulting from broker misconduct by John Nicholas Matson. But you must act quickly to enforce your rights. 

Reif Law Group has the skills, resources, and determination to help you potentially recover your losses. Contact us now for a free consultation. Time is of the essence.