DID J RICHARD MATHEIS CAUSE YOU INVESTMENT LOSSES?
J.R. Matheis Formerly With Union Capital Company Has 2 Customer Complaints For Alleged Broker Misconduct
About J.R. Matheis formerly with Union Capital Company?
J.R. Matheis (CRD #869179) has a long-standing background in the securities industry, though he is not currently registered. Over his career, he has been affiliated with five firms. His registrations included Union Capital Company, Berthel Fisher & Company Financial Services, Inc., VSR Financial Services, Inc., Titan Capital Corporation, and WZW Financial Services, Inc. Matheis has successfully passed seven securities industry exams: two Principal/Supervisory Exams (Series 24 and Series 30), four General Industry/Product Exams (Series 7, Series 3, Series 31, and SIE, and one Multi-State Securities Law Exam.
Investment Losses? Let’s talk.or, give us a ring at (800) 732-2889.
J.R. Matheis Customer Complaints and Reviews
J. Richard Matheis has a total of three disclosed events in his record:
- Regulatory Event (1 incident): Matheis faced a regulatory action by FINRA, initiated on 08/24/2023, for refusing to appear for on-the-record testimony. This was during an investigation into potential sales practice violations. The case concluded with a permanent bar from the securities industry under the terms of an Acceptance, Waiver & Consent (AWC) agreement.
- Customer Disputes (2 incidents):
- First Dispute: On 04/23/2015, a client invested in Hospitality Investors Trust, Inc REIT, deemed unsuitable by the client on 06/23/2021. The complaint was denied due to the lapse of the six-year FINRA eligibility period.
- Second Dispute: In February 2001, a client claimed that a Variable Universal Life (VUL) insurance policy was unsuitable. The complaint, received on 10/31/2001, was denied as the firm found no wrongdoing after investigating the claim.
Allegations Against J.R. Matheis
- Regulatory Action:
- Allegations: Refused to appear for on-the-record testimony, which was part of FINRA’s investigation into potential sales practice violations.
- Outcome: Permanent bar from the securities industry effective from 08/24/2023.
- Customer Disputes:
- First Dispute (Hospitality Investors Trust, Inc REIT): Alleged unsuitability of the investment. The complaint was denied after the lapse of the eligibility period for FINRA arbitration.
- Second Dispute (VUL Policy): Alleged unsuitability of the insurance policy. The firm investigated and found the allegations to be baseless, denying the complaint.
J.R. Matheis Red Flags & Your Rights As An Investor
Of course, J.R. Matheis did not admit to any of the allegations. But regardless of whether an arbitration award was entered, a settlement occurred, or the customer complaint is still pending, the allegations made by customers are red flags which should put all current and former customers of J.R. Matheis at Union Capital Company on alert to review carefully the activity and performance of their accounts and question whether J.R. Matheis has engaged in any stockbroker misconduct that may have caused them investment losses. The large number of customer complaints at Union Capital Company also raises questions about the brokerage firms’ supervisory practices. If these red flags raise questions, call us and we will inform you of your rights as an investor.
Did You Lose Money Because of Broker Misconduct?
If you have lost money due to negligence or fraud by a stockbroker or advisor, the easiest way to know if you have a case is to call our office at 800-732-2889. Our investment fraud attorneys will evaluate your claim for free and let you know if we can help you recover your losses.
Need Legal Help? Let’s talk.or, give us a ring at 561-338-0037.
File A Claim To Recover Your Investment Losses At Union Capital Company Due To J.R. Matheis
If you have questions about Union Capital Company and/or J.R. Matheis and the management or performance of your accounts, please contact Attorney Pearce for a free initial consultation via email or Toll Free at 1-800-732-2889.
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