World Equity Group Clients File Disputes About Broker John Mateyko's REIT Sales
The Financial Industry Regulatory Authority (“FINRA”) reports through BrokerCheck that investors have challenged the sales practices of securities broker John Mateyko (CRD#: 3275621, Rolling Meadows, Illinois). Specifically, three investors disputed Mateyko’s sales practices regarding REITs (real estate investment trusts). Here’s more on these disclosures, including what you could do if you experienced losses.
John Mateyko’s Word Equity Group Client Files Dispute Alleging Breach Of Fiduciary Duty
FINRA confirms that John Mateyko worked for World Equity Group Inc. as both financial advisor and securities broker between December 2010 and 2018. Evidently, a client of Mateyko at World Equity Group brought a FINRA Arbitration Claim in May 2021 about REIT transactions. Specifically, the client first alleged that Mateyko breached a fiduciary duty. Secondly, he is accused of negligence. For this reason, the client asked for compensation. Because of this, World Equity Group agreed to settle the matter through making a $23,000 payment to the client.
Client Of World Equity Group Alleges Negligence In Connection With Real Estate Security Sales
Evidently, a client of World Equity Group brought a FINRA Arbitration Claim about John Mateyko in May 2021. Similar to the other claim, the client alleged a violation of fiduciary responsibility by Mateyko. Allegedly, the client should not have been invested in real estate investment trusts. Purportedly, the broker's actions were negligent and led to damages. For this reason, the client expects compensation. Evidently, this matter is ongoing at this time.
Misrepresentation Alleged In Investor’s Dispute About John Mateyko
Moreover, a third investor who held accounts with World Equity Group expressed displeasure with John Mateyko’s recommendations. In this July 2020 dispute, the client first claimed that the securities broker misrepresented important info in connection with 3 REITs that they purchased. Secondly, the client stressed that it was not suitable for them to invest in REITs (suitability concerns things like an investor’s risk tolerance, investment objective, and liquidity concerns). However, World Equity Group denied this client’s dispute.
Disaffiliation From Chase Investment Services Corp
It appears that John Mateyko also worked for Chase Investment Services Corp before joining World Equity Group. FINRA BrokerCheck shows that Chase disaffiliated with Mateyko given allegations of him accessing information regarding a bank account when he did not have business-related justification.
Losses By Investing With Mateyko?
Apparently, securities broker John Mateyko denies allegations of sales practice violations that are referenced on FINRA BrokerCheck. Have you experienced investment losses by interacting with this broker, who as of September 2018 now works for Peachcap Securities as securities broker and Peachcap Tax & Advisory as financial advisor? If so, reach out to Soreide Law Group at (888) 760-6552 and speak with experienced counsel concerning a possible recovery of your investment losses. Soreide Law Group represents clients on a contingency fee basis and advances all costs. The law firm has recovered substantial compensation for US clients who have experienced losses because of their securities brokers and financial advisors.
