Soreide Law Group has filed a FINRA arbitration (FINRA CASE NO. 23-01155) on behalf of our clients (Claimants) against:
PEACHCAP SECURITIES, INC., and their registered representative, JOHN MATEYKO (JOHN R MATEYO) (Respondents).
The Claimants are a married couple living in Illinois. The Claimants opened an account with PEACHCAP broker, JOHN R MATEYKO, on or about May of 2021. The lawsuit alleges that the Claimants were looking for conservative investments to sustain them through retirement. According to the lawsuit, despite the Claimants alleged instructions. MATEYKO recommended several structured notes that were allegedly presented to the Claimants as safe bonds that always pay the principal at maturity. The lawsuit states that MATEYKO sold structured notes offered through, including but not limited to: Barclays, Goldman Sachs, Credit Suisse, Societe Generale with many linked to high-risk investments such as Tesla, Crowdstrike, Roku, Rivian, Data Dog to name a few. Several are at or near default.
The lawsuit claims the Claimants have lost over $250,000.00 in these high-risk investments that were allegedly presented as safe and secure and represented an inappropriate concentration of their investable assets. The lawsuit claims, negligence, negligent supervision, and breach of fiduciary duty. The Respondents have not yet answered these claims, and it is anticipated that they will deny all claims.
According to FINRA’s BrokerCheck, available to the public on FINRA’s website, JOHN R MATEYKO, has been listed in the securities industry for 19 years and has been listed with 10 firms. He is listed both as a broker and a financial advisor with PEACHCAP SECURITIES since September of 2018. He was previously listed with WORLD EQUITY GROUP, INC. of Rolling Meadows, Illinois, from 2010 to 2018. JOHN R MATEYKO has 7 disclosures on his FINRA CRD report. Six of the disclosures are “Customer Disputes,” and there is one “Employment Separation After Allegations.” The significance of MATEYKO’s FINRA Customer Complaints is underscored in FINRA NOTICE to MEMBERS 03-49. FINRA conducted a review of the CRD’s of all registered representatives, only .41% had been the subject of three (3) or more customer complaints. In other words MATEYKO’s customer complaints rank him in the top one-hundredth percent of all registered representatives for customer complaints. The most recent “Customer Dispute” dated April 21, 2023, is still pending. The allegations are, “Claimants state that they were recommended by the Respondent (World Equity Group, Inc.) to invest their retirement funds in a prudent and suitable manner, Instead Claimants state they were recommended to invest in unsuitable and illiquid alternative investments (Non-Traded REITS) specifically in Hospitality Investment Trust (HIT) approximately between 2014 and 2018. Claimants state they were advised to hold the investments and eventually HIT's bankruptcy came into picture. The claimants suffered a near complete loss on their investment in HIT.” The damage amount requested is $606,000.00. There is another pending “Customer Dispute” dated 8/24/2022. The allegations are, “Unsuitable allegations.” The damage amount requested is $268,000.00. The three disputes that have settled were from 2021 and 2022, and some of the allegations were, unsuitability, misrepresentation, and failure to supervise in regard to certain purchases of REITs. The settlement amounts were, $750,000.00, $330,000.00 and $23,000.00. If you’ve suffered financial losses due to the actions or recommendations of PEACHCAP SECURITIES INC, and/or their registered representative, JOHN R MATEYKO of Serenbe, Georgia, contact Soreide Law Group and speak to an experienced securities lawyer at no cost regarding the possible recovery of your investment losses through a FINRA arbitration at: 888-760-6552. Soreide Law Group represents clients nationwide before FINRA on a contingency fee basis--no fee to you if no recovery.
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