Broker Investigation: Matthew Evan Eckstein

Broker-Investigation--Matthew-Evan-Eckstein Matthew Evan Eckstein (CRD#: 2997245) is a registered securities broker based in Syosset, New York. Currently, Mr. Eckstein is employed at Sisk Investment Services (since 2015).

Previously, he worked at Gould, Ambroson & Associates LTD, also based out of an office in New York state.

On April 27th, 2018, the Financial Industry Regulatory Authority (FINRA) brought a complaint against Mr. Eckstein. Here, our broker negligence lawyers review these allegations. The full complaint can be accessed by referring to Disciplinary Proceeding No. 2017054146302.

 

FINRA Complaint: Matthew Evan Eckstein

According to the allegations, Matthew Evan Eckstein sold more than $1.3 million in undocumented investments to his clients. These investments were not offered or reviewed by his member firm. FINRA investigators believe these investments were part of a spurious scheme operated by a personal friend of Mr. Eckstein.

The complaint contends that Mr. Eckstein failed to perform any due diligence into these investments. Yet, he sold large dollar values of the investments to at least four different clients, some of whom expressly stated that they were ‘conservative’ investors. Among the other issues, this investment opportunity was wholly unsuitable for these customers.

FINRA is seeking sanctions against this broker, including requiring him to disgorge any ill-gotten gains and to pay full restitution where appropriate. As of May of 2018, the complaint against Mr. Eckstein is still pending.

 

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At Sonn Law Group, we are proud to be top legal advocates for investors throughout the United States. If you lost money due to the misconduct of an investment adviser, we are here to help. Please do not hesitate to contact our law firm today for a free, no obligation initial consultation.

Disclaimer: This article contains opinions and NOT statements of fact in any way whatsoever. The information here is general information that should not be taken as legal advice. NO attorney-client relationship is established between you and our attorneys by reading this article. This article is attorney advertising and should not be used as a substitute for legal advice from a qualified securities lawyer.

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