Investors might have sustained losses due to securities broker Matthew R. Carbray [CRD: 4565811, Northampton, Massachusetts], given the public information on Financial Industry Regulatory Authority (FINRA) BrokerCheck. Carbray worked for Kestra Investment Services LLC since July 21, 2006, and Kestra Advisory Services LLC since April 19, 2016. Investors should continue reading to find out more about disclosures involving Carbray’s securities sales practices.
Particularly, on March 11, 2026, a Kestra Investment Services LLC client filed FINRA Arbitration No. 26-00557 about Matthew Carbray. Primarily, the client alleged that Carbray made unsuitable recommendations involving alternative investments. Because of this, the client allegedly incurred damages. As a result, the client requested compensation from Kestra Investment Services LLC or Carbray. BrokerCheck shows that this arbitration is pending a resolution.
Additionally, a client of Kestra Investment Services LLC contested Matthew Carbray’s sales practices, according to a complaint dated October 14, 2024. Allegedly, Carbray made unsuitable recommendations involving real estate securities investments, including a REIT recommendation. It appears that Carbray allegedly caused the client to sustain damages. Therefore, the client sought compensation from Kestra Investment Services LLC or Carbray in the amount of $25,000 in this matter. However, the complaint was denied on November 4, 2024.
Are you concerned about investments you made through Matthew Carbray? If so, reach out to Soreide Law Group at (888) 760-6552 or online and speak with a securities attorney regarding a possible recovery of your investment losses. Soreide Law Group has recovered losses for clients throughout the United States. Also, our securities lawyers work on a contingency fee arrangement and advance all costs. Carbray and brokerage firms Carbray worked for deny accusations of sales practice violations.
Moors & Cabot, Inc. (CRD 594) is a brokerage firm based in Boston, Massachusetts. FINRA censured and fined the firm $125,000 after finding it failed to develop and implement an anti-money laundering compliance program reasonably expected to detect and report suspicious transactions, according to an AWC issued August 24, 2026.
Cowen and Company, LLC (CRD 7616), now part of TD Securities (USA) LLC, is a brokerage firm based in New York, New York. FINRA censured and fined the firm a total of $80,000, of which $40,000 is payable to FINRA, according to an AWC issued August 19, 2026.
Webull Financial LLC (CRD 289063) is a brokerage firm based in New York, New York. FINRA censured and fined the firm $115,000 after finding it maintained inaccurate books and records of options order origin codes, according to an AWC issued August 17, 2026.
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