Matthew Gates (also known as Matt Gates), of New York, NY, a stockbroker registered with Joseph Gunnar Co. LLC, was the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $43,000.00 in damages based upon allegations that Gates made unsuitable recommendations of real estate investment trusts or REITs during the time that Gates was associated with Joseph Gunnar Co. LLC. Financial Industry Regulatory Authority (FINRA) Arbitration No. 21-01369 (September 15, 2022).
FINRA Public Disclosure shows that Gates has been referenced in five other customer initiated investment related disputes concerning Gates’ conduct while associated with securities broker dealers, including Joseph Gunnar Co. LLC. On April 1, 2013, a customer filed an investment related complaint involving Gates’ conduct in which the customer requested $9,131.00 in damages based upon allegations that Gates failed to execute a stop loss order.
Gates was also referenced in a FINRA securities arbitration claim that was settled for $40,000.00 in damages based upon allegations that Gates breached his fiduciary duties, was negligent, negligently supervised certain representatives, and made misrepresentations of material fact in connection with the recommendation and sale of stocks and over-the-counter equities. FINRA Arbitration No. 13-00869 (July 23, 2014).
On July 1, 2020, a complaint involving Gates’ conduct was settled for $30,000.00 in damages based upon allegations that Gates made misrepresentations of material fact in connection with the recommendation and sale of private placements.
Gates is also referenced in a FINRA securities arbitration claim in which the customer requested $500,000.00 in damages based upon allegations that Gates made unsuitable recommendations and engaged in excessive trading in direct investments and real estate securities. FINRA Arbitration No. 22-01081 (May 18, 2022).
On July 12, 2022, a FINRA securities arbitration claim involving Gates’ conduct was settled for $165,000.00 in damages based upon allegations that Gates made unsuitable recommendations of real estate securities. FINRA Arbitration No. 21-01730.
Gates was associated with Joseph Gunnar Co. LLC in New York, NY, as a stockbroker from March of 2016 to January of 2020, and associated with Worden Capital Management LLC in New York, NY, as a stockbroker from January of 2020 to October of 2021.
Gates has been associated with VCS Venture Securities in New York, NY, as a stockbroker since September 17, 2021.
