DID MATTHEW KENNETH WILKES CAUSE YOU INVESTMENT LOSSES?
Matthew Wilkes Formerly With TrustFirst Has 3 Customer Complaints For Alleged Broker Misconduct
About Matthew Wilkes formerly with TrustFirst?
Matthew Wilkes (CRD #5409004) , located in Knoxville, Tennessee, has an extensive history in the securities industry, working at six different firms over 16 years. His most recent registration was with TrustFirst in Knoxville, Tennessee, from April 2019 to October 2023. He has also been employed by FSIC, Raymond James Financial Services, Wells Fargo Advisors, PNC Investments, NatCity Investments, and Chase Investment Services Corp., holding various roles. Wilkes has passed six industry exams: one principal/supervisory exam (Series 24), three general industry/product exams (Series 7, Series 6, and SIE), and two multi-state securities law exams (Series 63 and Series 65). However, he is currently not registered with any regulatory organizations or firms. His experience includes managing investments, wealth advisory services, and financial planning across multiple states.
Investment Losses? Let’s talk.or, give us a ring at (800) 732-2889.
Matthew Wilkes Customer Complaints and Reviews
Wilkes has three disclosed customer disputes, including one settlement and two pending complaints.
- Customer Dispute #1 received August 13, 2015
- Complaint: Failure to properly explain the financial impact of a change in investment platforms.
- Outcome: Settled with $25,378.11 paid by the firm (Wilkes did not contribute personally).
- Customer Dispute #2 received February 12, 2024
- Complaint: Unsuitable recommendation of a premium-financed life insurance policy and inadequate explanation of risks.
- Alleged Damages: $2,680,220.14.
- Status: Consolidated with another pending FINRA case.
- Customer Dispute #3 received January 12, 2024
- Complaint: Unsuitable recommendations and insufficient risk disclosures related to life insurance policies.
- Alleged Damages: $4,171,885.12.
- Status: Active arbitration case with FINRA.
Allegations Against Matthew Wilkes
The allegations against Wilkes primarily involve claims of unsuitable recommendations and insufficient disclosures about financial products. Key points include:
- Allegation of Misrepresentation (2015): The settled complaint highlighted concerns about a lack of clarity regarding the financial implications of platform changes. The firm’s resolution included monetary settlement without Wilkes’ personal contribution.
- Pending Complaints (2024):
- The larger of the two involves a claim of $4.17 million related to life insurance policy recommendations. The complaint alleges that Wilkes failed to sufficiently explain risks and made unsuitable recommendations to switch providers.
- The other pending dispute claims damages exceeding $2.68 million, consolidating similar allegations of unsuitability.
Matthew Wilkes Red Flags & Your Rights As An Investor
Of course, Matthew Wilkes 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 Matthew Wilkes at TrustFirst on alert to review carefully the activity and performance of their accounts and question whether Matthew Wilkes has engaged in any stockbroker misconduct that may have caused them investment losses. The large number of customer complaints at TrustFirst also raises questions about the brokerage firm’s 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 TrustFirst Due To Matthew Wilkes
If you have questions about TrustFirst and/or Matthew Wilkes 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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