Matthew Kenneth Wilkes, of Chicago, Illinois, a stockbroker registered with Raymond James Financial Services Inc., is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested $4,171,885.12 in damages based upon allegations that Wilkes made unsuitable recommendations in a premium-financed life insurance policy, made omissions of material fact about risks, and made an unsuitable recommendation to change insurance provider when Wilkes was associated with Raymond James Financial Services Inc. FINRA Arbitration No. 23-03617 (January 12, 2024).
Wilkes is referenced in two other customer initiated investment related disputes concerning his conduct while associated with securities broker dealers. FINRA Public Disclosure shows that on September 22, 2015, a customer initiated investment related complaint involving Wilkes’s conduct was settled for $25,378.11 in damages based upon allegations that Wilkes did not properly inform the customer about a change in investment platform and how the change would impact the customer financially.
Wilkes is also the subject of a another customer initiated investment related FINRA securities arbitration claim in which the customer requested $2,680,220.14 in damages based upon allegations that Wilkes recommended an unsuitable life insurance policy and failed to properly explain its risks, and then made an unsuitable recommendation to change insurance providers during the time that Wilkes was associated with Wells Fargo Clearing Services LLC. FINRA Arbitration No. 24-00307 (February 9, 2024).
Wilkes was associated with TrustFirst in Knoxville, Tennessee from April 4, 2019, to October 30, 2023. Wilkes was also associated with FSIC in Chicago, Illinois from June 21, 2017, to September 12, 2018, and with Raymond James Financial Services Inc. in Chicago, Illinois from July 31, 2015, to June 22, 2017.
