Were you the victim of former Joseph Gunnar & Co., LLC broker Matthew Gates (CRD# 4727945)? He has been registered with VCS Venture Securities in New York, New York, since 2021. Previously, he was registered with Worden Capital Management LLC in New York, New York, from 2020 to 2021. Prior to then, he was registered with Joseph Gunnar & Co., LLC in New York, New York, from 2016 to 2020, when he was terminated regarding, “Rep removed confidential client information in violation of company policy and SEC regulations.”
Matthew Gates Customer Complaints
He has been the subject of six customer complaints between 2013 and 2022, one of which was denied, according to his CRD report. The most recent complaints were regarding:
May 2022. “Unsuitability and excessive trading.” The customer is seeking $500,000 in damages. The complaint was regarding real estate securities and direct investments, and it took place while he was registered with Joseph Gunnar & Co., LLC.
July 2021. “Unsuitable Investments.” The case was settled for $165,000. The complaint was regarding real estate securities, and it took place while he was registered with Joseph Gunnar & Co., LLC.
July 2021. “Approximately six years after the fact, customers allege an investment was unsuitable.” The customer sought $166,000 in damages, and the case was settled for $43,000. The complaint was regarding real estate securities, and it took place while he was registered with Joseph Gunnar & Co., LLC.
August 2019. “Alleged misrepresentation by the broker regarding the liquidity of a private placement. August 2014 to August 2019.” The customer sought $100,000 in damages, and the case was settled for $30,000. The complaint took place while he was registered with Joseph Gunnar & Co., LLC, and it was regarding private placements.
Pursuant to FINRA Rules, member firms are responsible for supervising a broker’s activities during the time the broker is registered with the firm. Therefore, Joseph Gunnar & Co., LLC may be liable for investment or other losses suffered by Matthew Gates’ customers.
Erez Law represents investors in the United States for claims against brokers and brokerage firms for wrongdoing. If you have experienced investment losses, please call us at 888-840-1571 or complete our contact form for a free consultation. Erez Law is a nationally recognized law firm representing individuals, trusts, corporations and institutions in claims against brokerage firms, banks and insurance companies on a contingency fee basis.
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