Publicly available records provided by the Financial Industry Regulatory Authority on June 13, 2016 indicate that Tennessee-based Woodmen Financial Services broker Trevor Mathes has been the subject of numerous customer complaints. The securities and investment fraud law firm Fitapelli Kurta is interested in speaking to investors who have complaints regarding Mr. Mathes (CRD# 1977443).
Trevor Mathes has spent 26 years in the securities industry and has been registered with Woodmen Financial Services in Bristol, Tennessee since February 2016. Previous registrations include Allstate Financial Services in Bristol, Tennessee; Investors Capital Corporation in Bristol, Tennessee; Financial Securities Network; NAP Financial Corporation in Irvine, California; Pruco Securities in Newark, New Jersey; and the Prudential Insurance Company of America in Newark, New Jersey (1989-1990). He is a registered broker in Tennessee and Virginia.
According to his BrokerCheck report, Trevor Mathes has received three customer complaints.
In 2012, a customer alleged Trevor Mathes, while employed at Investors Capital, recommended an unsuitable investment in a Harvard Behringer real estate investment trust. The complaint settled in 2014 for $125,000.
In 2012, a customer alleged Trevor Mathes, while employed at Investors Capital, recommended unsuitable investments. The complaint settled in 2013 for $106,000.
In 2007, a customer alleged Trevor Mathes, while employed at Investors Capital, made unsuitable recommendations. The complaint settled for $5,000, to which Mr. Mathes individually contributed $5,000.
A real estate investment trust, or REIT, is an entity that owns assorted forms of real estate, or interests in real estate. As an investment product, REITs use the combined funds from a pool of investors to purchase real estate property; they can be publicly traded or privately held, traded on the stock market or not traded at all. As such, they are highly illiquid investments. While they have the benefit of extending new opportunities to investors who otherwise could not access certain real estate investments, non-traded REITs may be particularly risky for short-term investors and even long-term investors. They are additionally taxed on an individual level and can lead to property taxes as high as 25% of the sum operating expenses. Investment professionals who recommend unsuitable REITs may be subject to disciplinary action by FINRA or the Securities and Exchange Commission.
If you have lost money investing or have complaints regarding Trevor Mathes, call the securities and investment fraud law firm Fitapelli Kurta at 877-238-4175 for a free consultation. You may be qualified to recover your losses. All cases are taken on contingency: we only get paid if and when you recover money. Time to file your claim may be limited, so we encourage you to avoid delay. Call 877-238-4175 now to speak to an attorney for free.