Matthew Gates of New York New York a stockbroker formerly registered with Joseph Gunnar Co. LLC is the subject of a customer initiated investment related complaint on August 28, 2019 where the customer sought $100,000.00 in damages based upon accusations that the customer had been misled by Gates concerning a fund purchased through a private placement. According to the claim, the customer was provided with misleading information relating to ZocDoc – a company which the fund purchased in anticipation of it going public.
Gates has been identified in two additional customer initiated investment related disputes containing allegations of his misconduct while employed by Joseph Gunnar. Financial Industry Regulatory Authority (FINRA) Public Disclosure reveals that a customer filed an investment related complaint involving Gates’s conduct in which the customer requested $9,131.00 in damages based upon allegations that a stop loss order was not executed by Gates according to the customer’s instructions.
Gates has been identified in another customer initiated investment related written complaint which was resolved for $40,000.00 in damages founded on accusations that misrepresentations had been made by the stockbroker concerning over-the-counter equities and common and preferred stocks that were sold to the customer. The claim alleges that the customer’s account failed to be reasonably supervised and that a fiduciary duty was breached. According to the claim, Gates’s negligence caused the customer to experience losses.
Gates was terminated for cause by Joseph Gunnar on January 10, 2020 supported by allegations that he misused confidential customer information in violation of Securities and Exchange Commission (SEC) rules as well as the policies of the securities broker dealer. The stockbroker has been associated with Worden Capital Management LLC since January 13, 2020.
