The securities and investment fraud law firm Fitapelli Kurta is interested in speaking to investors who have complaints regarding the New York-based brokerage and advisory firm Matrix Capital Group (CRD# 33364).
Formed in New York City in 1993, Matrix Capital Group is headquartered in New York City and registered in fifty-two US states and territories. It offers securities through Matrix Private Equities. Robert Steven Driessen serves as Chief Executive Officer and Chief Compliance Officer; Brandon Joseph Byrd serves as Chief Operations Officer.
According to the firm’s BrokerCheck report, Matrix Capital Group is the subject of three regulatory sanctions and one customer complaint that evolved into arbitration.
In 2014 a customer alleged Matrix Capital Group breached its fiduciary duty, misrepresented material facts related to an investment, breached contract, failed to supervise its representatives, and acted negligently. The complaint resulted in an award to the customer of $5,000.
In 2014 the State of South Dakota sanctioned Matrix Capital Group following allegations that an individual who was not registered to act as a principal in the state. Matrix Capital Group was sued a fine of $500.
In 2013 the Financial Industry Regulatory Authority (FINRA) sanctioned Matrix Capital Group following allegations the firm failed to exercise reasonable supervision over a representative who was selling the same variable annuity exchange to a divergent group of customers. Matrix Capital Group was censured and issued a fine of $30,000.
In 2011 FINRA sanctioned Matrix Capital Group following allegations the firm failed to report order events as required. Matrix Capital Group was censured and issued a fine of $10,000.
If you have lost money investing with Matrix Capital Group, you may be entitled to recover your losses. Call the securities and investment fraud law firm Fitapelli Kurta at 877-238-4175 for a free consultation. All cases are taken on contingency, which means 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.