Former Raymond James Financial Services Advisors, Inc. broker Matthew Lawson (CRD# 2869619) accused of misrepresentation. He has been registered with Cadaret, Grant & Co., Inc. in Chattanooga, Tennessee since 2020. Previously, he was registered with Raymond James Financial Services Advisors, Inc. in Chattanooga, Tennessee from 2012 to 2020, when he was terminated regarding, “Did not timely disclose or seek approval of a business loan arrangement with a client.”
In June 2020, the Tennessee Securities Division sanctioned him to pay a $15,000 civil and administrative penalty and fine as well as heightened supervision for two years regarding, “Respondent engaged in dishonest and unethical practices by failing to disclose a business loan with a client to his firm.”
Matthew Lawson Customer Complaints
He has been the subject of three customer complaints between 2010 and 2021, one of which was denied, according to his CRD report:
November 2021. “Claimant alleges that FAs misrepresented that her grandfather, a client of the same FAs, had setup a trust account for her with the FAs as trustees and that she believes account had been setup in her name and that FAs misrepresented that it was a trust to hide their alleged conversion of funds from the account.” The customer is seeking $3,000,000 in damages and the case is currently pending.
April 2018. “Breach of Fiduciary Duty, Negligence, Negligent Supervision, Suitability, Excessive Turnover, Breach of Contract, Negligent Hiring, Selling Away and Violations of FINRA Conduct Rules.” The customer sought $150,000 in damages and the case was settled for $7,500. The complaint was regarding options and equities.
Pursuant to FINRA Rules, member firms are responsible for supervising a broker’s activities during the time the broker is registered with the firm. Therefore, Raymond James Financial Services Advisors, Inc. may be liable for investment or other losses suffered by Matthew Lawson’s customers.
Erez Law represents investors in the United States for claims against brokers and brokerage firms for wrongdoing. If you have experienced investment losses, please call us at 888-840-1571 or complete our contact form for a free consultation. Erez Law is a nationally recognized law firm representing individuals, trusts, corporations and institutions in claims against brokerage firms, banks and insurance companies on a contingency fee basis.
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Erez Law represents investors in the United States for claims against brokers and brokerage firms for wrongdoing. If you have experienced investment losses, please call us at 888-840-1571 or complete our contact form below for a free consultation.
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