Matthew Ian Turner, of Fort Lauderdale, Florida, a stockbroker formerly registered with Laidlaw & Company (UK) Ltd., has been named in a customer initiated investment related arbitration claim, which settled on August 8, 2014, for $23,115.00 in damages based upon allegations that Turner effected unsuitable equity transactions in the customer’s account.
Financial Industry Regulatory Authority (FINRA) Public Disclosure reveals that Turner has been identified in four additional customer initiated investment related disputes containing allegations of Turner’s misconduct while employed with Laidlaw & Company (UK) Ltd. and Gunnallen Financial, Inc. Specifically, on December 3, 2009, a customer initiated investment related arbitration claim involving Turner’s conduct was settled for $150,000.00 in damages based upon allegations that Turner churned the customer’s investment account.
Subsequently, on October 11, 2010, a customer initiated investment related arbitration claim regarding Turner’s activities was resolved for $25,000.00 in damages based upon allegations that Turner made misrepresentations to the customer, effected unauthorized equity trades, and churned the customer’s account. On June 21, 2013, another customer initiated investment related written complaint involving Turner’s conduct was settled for $36,000.00 in damages based upon allegations that Turner placed equity trades in the customer’s account without authorization and utilized the customer’s margin in an unsuitable manner.
Further, on March 27, 2014, a customer initiated investment related written complaint regarding Turner’s activities was resolved for $100,000.00 in damages based upon allegations that Turner utilized the customer’s margin in an unsuitable manner and effected unsuitable equity transactions in the customer’s account.
Turner’s registration with Laidlaw & Company (UK) Ltd. was terminated on November 16, 2012. Turner became registered with Westpark Capital, Inc. on November 27, 2012. Since May 15, 2000, Turner has been associated with five different broker dealers, three of which have been expelled by securities regulators for violation of federal securities laws or are otherwise defunct. #cockroach
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