Last Updated: January 2026 (Manhattan Beach, CA )
John N. Matson Investigation Summary
Here’s what you need to know about Manhattan Beach, CA , former stockbroker John Matson:
- Name: Mr. John Nicholas Matson
- Current Employer: None- Barred from Securities Industry
- Previous Firms: LPL Financial LLC, Ameriprise Financial Services, Citigroup Global Markets Inc.
- Function: Former Stock Broker
- Aliases: John Matson
- Primary Location: Manhattan Beach, CA
- CRD 1796541
- Can John Matson be sued in FINRA arbitration: Yes
- Discharged by a prior employer: Yes
- Sanctioned by FINRA: Yes
- Highest Settlement: $180,000.
Discuss your case with experienced investment fraud lawyer Bob Rex at (877) 224-3199 for a free consultation.
Did You Lose Money With John Matson As Your Stockbroker? SEC Alleged Matson Operated a Ponzi Scheme.
In 12/2024 the U.S. Securities & Exchange Commission (SEC) permanently barred Matson from the industry. In the SEC civil litigation the regulatory alleged that between January 2012 and September 2021 Matso sold securities with a face value in excess of $1.5 million issued by South Bay Acquisitions LLC, a company controlled by him. The securities, designated as LLC Bonds were functionally promissory notes were to be managed by Matson and South Bay as fiduciaries and promised interest of 12 to 20%. According to the SEC pleading Matson immediately and consistently transferred funds from South Bay to his personal account to use for personal expenses and that he was operating a Ponzi scheme.
Previously in 12/2022 John Matson was permanently barred from the securities industry by FINRA after Matson refused to cooperate with a FINRA investigation involving an 80 year old customer who called the FINRA Securities Helpline for Seniors to report that Matson had recommended the customer invest in a promissory note and thereafter ceased making payments.
In 10/2023 a customer of LPL Financial was paid $180,000 to resolve allegations that Matson sole her a promissory note that was not authorized by the firm.
In 5/2011 , a customer of LPL Financial was paid $137,500 to resolve allegations that Matson churned their account and made unsuitable investment recommendations.
LPL discharged Matson In 11/2022 for selling firm unapproved investments.
Allegations of Broker Misconduct Against John Matson
Customers of John Matson have alleged the following wrongdoing in connection with the handling of customer accounts:
- Unsuitable Investment Recommendation
- Selling unapproved products away from the firm (selling away)
- Churning
- Negligence
- Breach of Contract
The Financial Industry Regulatory Authority (FINRA) is the agency that licenses and regulates stockbrokers and brokerage firms. FINRA requires brokers and brokerage firms to report customer complaints and disputes as well as regulatory sanctions. In addition brokers are required to disclose certain financial matters such as personal bankruptcies, judgments and liens.
Recover Your Investment Losses Now With Rex Securities Law
Investigation of LPL Financial and LPL Brokers-Lawsuits, Arbitrations & Customer Disputes
If you have suffered investment losses in an account handled by John Matson, contact us for a complimentary consultation with an experience securities lawyer to learn how you may be able to recover damages through FINRA arbitration.
Firms We Have Pursued On Behalf of Our Clients
With offices in Boca Raton, FL and Austin, TX, stockbroker fraud attorney Bob Rex provides representation to investors nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers, financial advisors and broker dealers.
If you have questions about how your account has been handled, call (877) 224-3199 to speak with an experienced securities attorney at no cost to you.
Most cases are handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.