Securities Arbitration Investment Fraud Lawyers » Misappropriation of Funds » Investors File FINRA Securities Arbitration Claim Against Joseph Gunnar Over REIT Sales

arbitration notice

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 FINRA securities arbitration claim in which the customer requested compensatory damages supported by accusations of unsuitable purechases of real estate security products by Gates while he was employed by Joseph Gunnar Co. Financial Industry Regulatory Authority (FINRA) Arbitration No. 21-01730 (October 12, 2021).

Gates has been identified in four additional customer initiated investment related disputes concerning allegations of his misconduct while he was employed by Joseph Gunnar Co. FINRA Public Disclosure shows that a customer filed an investment related complaint involving Gates’ conduct where the customer sought $9,131.00 in damages based upon accusations that a stop-loss order was not executed by Gates at Joseph Gunnar Co.

Gates is referenced in a different customer initiated investment related arbitration claim which was resolved for $40,000.00 in damages founded on allegations of misrepresentations by Gates relating to stock and over-the-counter equities transactions at Joseph Gunnar. The claim alleges that Joseph Gunnar provided negligent supervision of Gates. The claim also contains accusations of breach of fiduciary duty by the stockbroker.

On July 1, 2020, another customer initiated investment related written complaint regarding Gates’ activities was settled for $30,000.00 in damages supported by allegations of Gates misrepresenting the liquidity of a private placement held by the customer between August of 2014 and August of 2019 during the time that Gates was registered with Joseph Gunnar.

Gates is also identified in a customer initiated investment related arbitration claim in which the customer requested $166,000.00 in damages based upon accusations of Gates selling a REIT, which was unsuitable for the customer’s account at Joseph Gunnar. FINRA Arbitration No. 21-01369 (June 30, 2021).

On January 13, 2020, Gates’ stockbroker and investment adviser representative registrations at Joseph Gunnar Co. were terminated. He was discharged founded on allegations of his violation of SEC regulations and company policy through his removal of confidential customer information.

Gates was associated with Worden Capital Management between January 13, 2020, and October 6, 2021. He has been employed by VCS Venture Securities since September 17, 2021.