April 27, 2023

JOHN R MATEYKO

reit-investor-alert

Soreide Law Group has been contacted by investors regarding the broker/financial advisor currently with PEACHCAP SECURITIES INC. of Serenbe, Georgia,

JOHN R MATEYKO.

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, 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 JOHN R MATEYKO formerly of WORLD EQUITY GROUP, INC. of Rolling Meadows, Illinois, and currently listed with PEACHCAP SECURITIES INC. 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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