John Nicholas Matson, a former broker and investment adviser, has faced multiple regulatory actions, customer disputes, and settlements. With serious allegations including fraud, unsuitable investment recommendations, and Ponzi-like investment schemes, Matson’s history raises concerns about how many investors may have suffered financial harm due to his actions.
If you or someone you know has been impacted by John Nicholas Matson or another broker, don’t hesitate to reach out to Meyer Wilson today. Our attorneys are experienced in broker misconduct cases and will help to guide you through the process with a free consultation.
Who Is John Nicholas Matson? A History of Customer Disputes
John Nicholas Matson (CRD#: 1796541) was previously registered with LPL Financial LLC, Ameriprise Financial Services, and Citigroup Global Markets, among other firms. As a broker and investment adviser, he was primarily located in Manhattan Beach, California. Over the years, he has faced multiple customer complaints, regulatory sanctions, and legal actions. He was already barred by FINRA, but as of December 2024, Matson has also been barred from the industry by the SEC. Below are some of the disclosures from his record:
Regulatory Actions and Civil Violations
-
December 2024: The SEC barred Matson from the industry after finding he operated a Ponzi scheme and misappropriated client funds through South Bay Acquisitions LLC. The scheme raised approximately $1.5 million, which Matson used for personal expenses and to pay returns promised to earlier investors.
-
July 2024: A federal court issued a civil judgment against Matson, which led up to the bar in December 2024. This regarded the same issues mentioned above, but in this case led to an injunction prior to the barring of Matson.
-
December 2022: FINRA permanently barred Matson for refusing to provide documents related to a customer’s investment in promissory notes that he had recommended.
Customer Disputes and Settlements
-
July 2023: Allegations of selling away from the firm, with damages requested of $300,000. This case settled for $180,000.
-
January 2023: Allegations spanning more than a decade involving damages requested of $610,000 and a settlement of $180,000.
-
April 2010: Allegations of churning, unsuitable investment recommendations, negligence, and more. The damages requested were $353,000 and the case settled for $137,500.
We Have Recovered Over
$350 Million for Our Clients Nationwide.
John Matson’s Tenure at LPL Financial: A Troubled History
A significant portion of Matson’s career was spent at LPL Financial LLC, where he engaged in many of the actions that led to his regulatory sanctions and customer complaints. LPL Financial has also faced regulatory scrutiny for its supervisory failures and compliance issues.
Concerns About LPL Financial
-
Numerous cases of brokers engaging in unauthorized investments and selling away.
-
Regulatory fines for failing to monitor financial advisors properly.
-
Ongoing lawsuits related to high-risk alternative investments.
Notable Regulatory Issues at LPL Financial
-
Allegations of inadequate supervision of brokers engaging in private securities transactions.
-
Repeated regulatory actions related to compliance and oversight failures.
LPL Financial’s history of regulatory disclosures raises questions about whether it took appropriate action to prevent Matson’s misconduct.
Meyer Wilson: Fighting for Investors Harmed by John Matson
John Matson’s long history of misconduct, fraud, and customer disputes raises serious concerns for investors. For those that have suffered losses due to his promissory note schemes, unsuitable investments, or fraudulent activities, legal options may be available for financial recovery.
If you or someone you know has suffered losses due to the actions of brokers like John Nicholas Matson, the experienced attorneys at Meyer Wilson are here to help. With more than 20 years in the industry and over $350 million recovered for our clients, our focus on investment fraud and securities litigation has helped many investors recover their losses. Contact us today for a free consultation to discuss your case and learn how we can assist you in protecting your financial interests.
Recovering Losses Caused by Investment Misconduct.
