Former Wells Fargo Advisors Broker, Matthew Maczko, Barred by FINRA

MATTHEW CHRISTOPHER MACZKO (MATHEW MACZKO) CRD#: 1888519
a former Wells Fargo Advisors registered representative, has been barred by  the Financial Industry Regulatory Authority Inc. (FINRA).  Matthew Maczko was allegedly trading excessively in the accounts of an elderly client and then generating hundreds of thousands of dollars in commissions for himself.
On February 9^th., 2017, Matthew Maczko was barred from the securities industry.  According to FINRA, from January 2009 to April 2016, Maczko allegedly excessively traded in four brokerage accounts of a client who is now 93 years-old.
From 2009 to April 2016, Matthew Maczko made over 2,800 transactions in the client’s accounts, which according to FINRA, had a value of $3 million. He generated close to $581,650 in commissions and $84,270 in additional fees. The losses the client sustained were $397,000. This level of trading was unsuitable for an elderly client due to her investment profile, her age, risk tolerance, and income needs.
FINRA has permanently barred Matthew Maczko from acting as a broker or otherwise associating with firms that sell securities to the public. According to FINRA’s BrokerCheck, Matthew Maczko was registered in the securities industry for 27  years and was with the 2 firms listed below:
02/15/2008 - 09/20/2016  WELLS FARGO ADVISORS, LLC - OAK BROOK, IL
11/04/1988 - 03/14/2008  UBS FINANCIAL SERVICES INC. - OAKBROOK TERRACE, IL
If you or an elderly family member were clients of Matthew Maczko, formerly of Wells Fargo Advisors in Oak Brook, IL, and you sustained financial losses due to his actions or recommendations, contact the Soreide Law Group for a consultation with a lawyer regarding the possible recovery of your investment losses at:  888-760-6552.
Soreide Law Group represents our clients nationwide before FINRA and we operate on a contingency fee basis.