John Nicholas Matson of Los Angeles California a stockbroker formerly employed by Ameriprise Financial Services Inc. is referenced in a customer initiated investment related written complaint on March 8, 2017 in which the customer requested $33,685.00 in damages supported by allegations that Matson failed to supervise and appropriately manage the customer’s assets which caused the customer to incur losses on mutual fund and equity investments.
Financial Industry Regulatory Authority (FINRA) Public Disclosure additionally confirms that a customer initiated investment related arbitration claim regarding Matson’s conduct was resolved for $137,500.00 in damages based upon accusations including breach of contract, negligence, unsuitable investment recommendations, and churning of the customer’s investment portfolio while Matson was registered with LPL Financial. FINRA Arbitration No. 10-01496 (May 28, 2011). The customer additionally alleged that the stockbroker’s activities in the customer’s account, which included options trading, failed to be supervised.
Matson’s registration with Ameriprise Financial Services has been terminated as of November 9, 2017. Since November 2, 2017, he has been employed by LPL Financial LLC.
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