Publicly available records published by the Financial Industry Regulatory Authority (FINRA) on July 6, 2017 indicate that Texas-based Raymond James Financial Services broker/adviser Matthew Mason has been the subject of a customer dispute. Fitapelli Kurta is interested in hearing from investors who have complaints regarding Mr. Mason (CRD# 4584659).
Matthew Mason has spent 14 years in the securities industry and has been registered with Raymond James Financial Services in Sulphur Springs, Texas since 2012. Previous registrations include Chase Investment Services Corporation in Commerce, Texas (2005-2012); Country Capital Management Company in Bloomington, Illinois (2005); and Equity Services in Montpelier, Vermont (2002-2005). He has passed four securities industry examinations: Series 66 (Uniform Combined State Law Examination); Series 63 (Uniform Securities Agent State Law Examination); Series 7 (General Securities Representative Examination); and Series 6 (Investment Company Products/Variable Contracts Representative Examination). He is a registered broker and investment adviser with five US states: Colorado, Florida, Indiana, Oklahoma and Texas.
According to his BrokerCheck report, Matthew Mason has been the subject of one customer complaint.
In 2012 a customer alleged Matthew Mason, while employed at Chase Investment Services Corporation (currently known as JP Morgan Securities), misrepresented material facts connected to an unsuitable investment in a variable annuity product. The complaint settled in 2013 for $10,000.
Variable annuities are similar to mutual fund products, though they have three features mutual funds do not: a tax-deferred treatment of earnings, a death benefit, and payout options that can provide guaranteed income for the rest of the investor’s life. A common complaint regarding variable annuity investments is that a broker or investment adviser failed to inform an investor about the various sales charges and fees associated with variable annuities. Many aggrieved investors file complaints that brokers failed to educate them about a variable annuity’s surrender charge. A surrender charge is a sales fee incurred when investors withdraw money from the variable annuity within a certain period of time after the purchase—typically within six to eight years, though the specific number depends on the product. Brokers who fail to properly educate their customers about a product’s surrender charge may be subject to disciplinary action by FINRA or the Securities and Exchange Commission.
If you or someone you know has lost money investing with Matthew Mason, call Fitapelli Kurta at 877-238-4175 for a free consultation. You may be eligible to recoup your losses. Fitapelli Kurta accepts all cases on a contingency basis: we only get paid if and when you collect 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.