Matthew Alexander Perry, of Columbia, Maryland, a stockbroker formerly registered with Stifel Nicolaus Company Incorporated, is identified in a customer initiated investment related FINRA securities arbitration claim which was resolved for $40,000.00 in damages founded on allegations that between June of 2016 and March of 2019, unauthorized and unsuitable trades were made by Perry when he was registered with Stifel Nicolaus Company. Financial Industry Regulatory Authority (FINRA) Arbitration No. 21-02564 (December 3, 2021). According to the claim, misrepresentations were made relating to options and over-the-counter equities transactions. The securities broker dealer allegedly violated Missouri fraud laws. The claim also contains accusations of breach of fiduciary duty.
FINRA Public Disclosure shows that Perry has been identified in three more customer initiated investment related disputes concerning allegations of his harmful activities when he was associated with Stifel Nicolaus. On May 9, 2019, a customer initiated investment related complaint involving Perry’s activities was settled for $138,000.00 in damages supported by accusations of the omission of risks pertaining to Perry’s options trading at Stifel Nicolaus. The complaint states that Perry failed to follow the customer’s goals.
On May 22, 2020, another customer initiated investment related complaint regarding Perry’s conduct was resolved for $10,000.00 based upon allegations of unauthorized trading between July 24, 2018, and August 28, 2018, resulting in damages on equities positions in the customer’s Stifel Nicolaus account.
Perry is also the subject of a customer initiated investment related written complaint which was settled for $45,000.00 in damages on September 10, 2020, founded on accusations of unsuitable trading by Perry at Stifel Nicolaus. The complaint also alleges that Perry traded in the customer’s account without their knowledge or consent.
Perry has been barred from associating with any FINRA member in any capacity supported by findings that he obstructed a FINRA investigation concerning a customer who alleged sales practice violations by Perry. Letter of Acceptance, Waiver, and Consent No. 2019062348301 (June 28, 2021).
According to the AWC, Perry was under investigation because of a customer whose complaint concerned Perry allegedly concealing risks relating to options trading. Perry’s lawyer indicated that Perry would not testify about these allegations, nor would he provide documents or information relating to the investigation. Perry violated FINRA Rules 2010 and 8210.
Perry was employed by Stifel Nicolaus between June 3, 2016, and March 22, 2019.
