Matthew Eckstein Received One Regulatory Sanction and One FINRA Complaint

Matthew Eckstein

Publicly available records published by the Financial Industry Regulatory Authority (FINRA) and accessed on May 16, 2018 indicate that New York-based Sisk Investment Services broker Matthew Eckstein has been named respondent in a pending FINRA complaint. Fitapelli Kurta is interested in speaking to investors who have complaints regarding Mr. Eckstein (CRD# 2997245).

Matthew Eckstein has spent 20 years in the securities industry and has been registered with Sisk Investment Services in Syosset, New York since 2015. He was previously registered with Gould Ambroson & Associates in Garden City, New York 91998-2015). He has passed three securities industry examinations: Series 63 (Uniform Securities Agent State Law Examination), which he obtained on April 4, 1998; Series 7 (General Securities Representative Examination), which he obtained on February 11, 1998; and Series 24 (General Securities Principal Examination), which he obtained on November 25, 1998. He is a registered broker with nine US states: Colorado, Connecticut, Florida, Minnesota, New Jersey, New York, North Carolina, Pennsylvania, and Virginia.

According to his BrokerCheck report, Matthew Eckstein has received one regulatory sanction and one pending regulatory complaint.

In April 2018 he was named respondent in a FINRA complaint into allegations he sold more than $1.3 million in investments “that were neither described in any written materials nor memorialized in a note or other agreement.” FINRA’s complaint alleges that the investments in question seem to be connected to “a spurious investment scheme” run by a friend of his and for which he conducted no due diligence before making recommendations that at minimum four customers, some of which were elderly and conservative, make investments “based on repayment terms… which he orally provided.” FINRA also alleges that he made material misrepresentations and omissions to customers and failed to inform them that he “had signature authority on the bank account of an affiliate of the issuer… receiving investor funds,” meaning he had access to the funds the customers were investing. He also allegedly made the transactions away from his member firm and failed to seek written authorization from his form before participating in the transactions. The complaint remains pending.

In August 2017 FINRA sanctioned him in connection to allegations he failed to respond to a request for information. He was issued a temporary suspension from associating with any FINRA member firm in all capacities.

If you have lost money investing with Matthew Eckstein, you may be able to recover your losses. Call Fitapelli Kurta at 877-238-4175 for a free consultation. All cases are taken on a contingency basis: Fitapelli Kurta only gets paid if and when you collect funds. 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.