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Former RBS Securities Broker Matthew Katke Pleads Guilty to Multimillion-Dollar Securities Fraud Scheme

The securities attorneys at Meyer Wilson are currently investigating fraud accusations involving Matthew Christopher Katke (CRD# 4679645), who in March pled guilty to participating in a multimillion-dollar securities fraud scheme while at RBS Securities, Inc.

Matthew Katke, formerly a broker with RBS Securities, Inc., has pled guilty to participating in a multimillion-dollar securities fraud scheme.

According to federal prosecutors ( U.S. v. Katke, 3:15-cr-00038), Katke’s misconduct started around April 2008 while he was a trader and managing director at RBS Securities – he resigned in August 2013. The information filed by the U.S. Attorney alleged that Katke knowingly and willfully used deceptive tactics in connection with the purchase and sale of collateralized loan obligation “CLO” bonds. The U.S. Attorney identified Katke’s victims as RBS Securities customers.

What are the risks of collateralized loan obligations?

During his time at RBS, Katke specialized in CLOs. Similar to collateralized mortgage obligations, these are securities backed by high-yield corporate debt. The main difference between the two is the underlying loan. Issuance of CLOs has been on the rise in recent years, reaching a record high of over $123 billion last year. Katke’s indictment is the latest in a string of U.S. government crackdowns against complex securities offerings and debt that is difficult to value.

Can I get my money back?

If you invested with former RBS Securities broker Matthew Katke and lost money, you may be able to get it back through FINRA arbitration. Since 1999, the securities fraud lawyers at Meyer Wilson have been fighting to help investors recover their losses caused by fraud and misconduct. To learn more about your legal rights and options, contact us and tell us what happened.

The information contained in The Firm’s posts on its blog, fraud alerts, investigations or elsewhere on the site is based upon information obtained from other sources including, but not limited to, news outlets and federal, state, and regulatory agency filings. All suspects and subjects of postings herein are presumed innocent until proven guilty in a court of law or administrative action and any and all crimes are alleged until a court or regulatory agency finds otherwise .

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