Mathew D. Webster of Syracuse New York a stockbroker formerly employed by Wells Fargo Advisors LLC has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon allegations that he failed to honor FINRA’s request for his information. Case No. 2016051007901 (Sept. 11, 2017).
FINRA Public Disclosure confirms that Webster was initially suspended by FINRA on July 3, 2017 for failing to respond to FINRA’s information request. FINRA provided Webster until September 10, 2017 to provide the requested information or seek termination of Webster’s suspension; however, Webster failed to comply by the deadline. On September 11, 2017, FINRA automatically barred Webster in all capacities.
FINRA Public Disclosure also reveals that on October 20, 2016, a customer initiated investment related complaint involving Webster’s conduct was settled for $575,000.00 in damages founded on accusations that unauthorized exchange traded fund trades were effected in the customer’s account while Webster was associated with Wells Fargo Advisors, LLC.
Webster’s registration with Wells Fargo Advisors, LLC has been terminated as of January 14, 2016.
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