DID MATTHEW GORDON CAUSE YOU INVESTMENT LOSSES?
Matthew Gordon Of Wells Fargo Clearing Services Has 3 Customer Complaints For Alleged Broker Misconduct
Who is Matthew Gordon of Wells Fargo Clearing Services?
Matthew Gordon (CRD #4286268) who is currently registered with Wells Fargo Clearing Services and located in Saddle Brook, New Jersey is a subject of one of our many securities industry sales practice abuse investigations.
Matthew Gordon Customer Complaints
Matthew Gordon has been the subject of 3 customer complaints that we know about. Two of Matthew Gordon’s 3 customer complaints were settled in favor of investors. One of Matthew Gordon’s customers’ complaints was denied and, to date, the customers have not taken any further action.
Allegations Against Matthew Gordon
A sample of the allegations made in the FINRA reported arbitration claim settlements and/or pending complaints for investment losses are as follows:
- Florida clients claimed that Matthew Gordon did not communicate to them the ramifications of Class B shares. The clients further claimed that Matthew Gordon purchased over $120,000 Class B shares in the wife’s IRA account spread amongst five different fund families ABWBX, FSINX, FIIBX; further that Matthew Gordon purchased some of the same fund families, Class B shares as well, in the husband’s IRA account totaling over $40,000. The clients claimed that they recently learned that they would have received breakpoints had class a shares been purchased, saving them fees from the load and decreasing the annual expense ration. The clients also mentioned that Matthew Gordon purchased some of the same fund families in their fee-based discretionary advisory joint. The clients also claimed that they purchased an AXA equitable accumulator plus series 07 variable annuity making a premium payment of $200,000. The clients claimed that Matthew Gordon told them they were guaranteed 6% on the annuity but failed to tell them the fees would run 3% per year.
- New York Power of Attorney for New Jersey client expressed concern about Matthew Gordon’s alleged marketing variable annuities to client at total purchase cost of about $168,300, and mutual fund shares, a total purchase cost of about $19,540. POA sought refund of commissions, surrender and exit fees.
- Plaintiff alleged that Matthew Gordon mismanaged her accounts and made misrepresentations about the sale of a variable annuity.
Matthew Gordon Red Flags & Your Rights As An Investor
Of course, Matthew Gordon 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 Gordon at Wells Fargo Clearing Services on alert to review carefully the activity and performance of their accounts and question whether Matthew Gordon has engaged in any stockbroker misconduct that may have caused them investment losses. The large number of customer complaints at Wells Fargo Clearing Services also raises questions about the brokerage firms’ supervisory practices. If these red flags raise questions, call us and we will inform you of your rights as an investor.
File A Claim To Recover Your Investment Losses At Wells Fargo Clearing Services Due To Matthew Gordon
If you have questions about Wells Fargo Clearing Services and/or Matthew Gordon 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.