The investment fraud lawyers at Meyer Wilson are currently investigating claims involving former OneAmerica broker Matthew J. Davis.
Did you invest with Matthew John Davis (CRD# 4412731), former broker with OneAmerica Securities? If you did and you lost money, you may be able to recover your losses. Securities fraud attorneys at Meyer Wilson are currently investigating claims involving Davis that he allegedly made unsuitable recommendations and improperly transferred his clients' funds.
In one instance, a client alleged that Davis made an unauthorized withdrawal from their account in the amount of $51,800. Instead of the withdrawal being sent to the client, the $51,800 was sent to a third party that the client had no association with.
In another instance, a client alleged that Davis made unsuitable investment and trading recommendations that led to high risk exposures and eventual losses. The client also alleged that Davis had been participating in churning, misrepresentation, fraud, and other unauthorized activities.
In his letter of Acceptance, Waiver, and Consent (NO. 2013036026901), Davis accepted and consented to FINRA's findings that he –
"Failed and refused to appear for FINRA on-the-record testimony regarding allegations that he engaged in misconduct in several customer accounts, including conversion; misrepresentation of customer holdings and account values; forger of account related documents; discretionary and/or unauthorized trading; efforts to settle a customer complaint away from his member firm; and unsuitable recommendations."
Davis was a registered broker associated with OneAmerica from April 1, 2010 through July 26, 2013. After the investigation and FINRA's findings, Davis was permanently barred from the securities industry.
Contact Meyer Wilson to learn more if you lost money investing with former OneAmerica broker Matthew J. Davis. Investors who lost money through investment fraud and misconduct may be able to recover their losses. Last year alone, we were able to recover more than $29 million for our clients. Call us today at (614) 532-4576 or fill out our form for a free review of your case.
