Peachcap Securities Financial Advisor John Mateyko Has Four Customer Complaints for Investment Loss With Allegations Ranging From Misrepresentation, Breach Of Fiduciary Duty And Unsuitability
John Mateyko (CRD#: 3275621) is a dually registered Broker and Investment Advisor at Peachcap Securities, Inc. in Serenbe, GA, and Peachcap Tax & Advisory, LLC in Atlanta, GA.
He entered the securities industry in 2000 and previously worked for World Equity Group, Inc.; Fifth Third Securities, Inc.; Chase Investment Services Corp.; U.S. Bancorp Investments, Inc.; Vision Asset Management, Inc.; Atlas Securities, Inc.; and Morgan Stanley DW, Inc.
Current And Past Allegations Of Conduct Leading To Investment Loss
According to publicly available records released by the Financial Industry Regulatory Authority (FINRA), in July 2021, a customer dispute was filed against John Mateyko requesting damages of $500,000. The allegation states, “Clients allege unsuitability, misrepresentation, and failure to supervise in regard to certain purchases of REITs and Business Development Programs during 2014-2018.”
In addition, John Mateyko has been the subject of three customer complaints, including one that remains pending, including the following:
- May 2021–“Breach of fiduciary duty and negligence regarding REITs.” The customer dispute was settled for $23,000.
- May 2021–“Breach of fiduciary duty and negligence regarding REITs.” Damages of $5,000.01 are requested. The customer dispute remains pending.
- August 2020–“Client alleges misrepresentation and unsuitability in regard to 3 REITs purchased between 2011-2016.” The customer dispute was denied.
- April 2009–“REP ACCESSED CUSTOMER BANK ACCOUNT INFORMATION WITHOUT A BUSINESS REASON TO DO SO.” John Mateyko was discharged by Chase Investment Services Corp.
For a copy of John Mateyko’s FINRA BrokerCheck, click here.
We Help Investors Recover Investment Losses
A real estate investment trust (REIT) is a security that invests in real estate directly either through properties or mortgages. Generally, REITs can be publicly or privately held. Publicly held REITs can be sold on an exchange and publicly traded. Non-traded REITs are sold through broker-dealers and are private. REITs are generally classified as equity, mortgage, or hybrid.
REITs have traditionally been sold to customers for their high dividend yield. However, many factors impact the ability of the REIT to maintain dividend and share price stability, including the fluctuation in interest rates, the amount and cost of leverage used by the REIT and collectability of the rents or mortgage payments that comprise the underlying assets within the REIT.
Financial advisors have a legal and regulatory obligation to recommend only suitable investments that are appropriate for their clients’ needs and objectives. Their employing brokerage firm has a legal and regulatory obligation to supervise the financial advisors’ sales practices and dealings with clients. To the extent any of these duties are breached, the customer may be entitled to a recovery of his or her investment losses.
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