Last Updated: March 2026 — Palm Beach, FL
Here’s what you need to know about Palm Beach, FL stockbroker Matthew Jay Kutcher:
- Name: Matthew “Matt” Jay Kutcher
- CRD Number: 2456469
- Current Employers:
- Wells Fargo Advisors
- Wells Fargo Clearing Services, LLC
- Prior Firms:
- J.P. Morgan Securities LLC (2014–2019)
- Credit Suisse Securities (USA) LLC (2009–2014)
- Citigroup Global Markets Inc. (2007–2009)
- Citicorp Investment Services (2002–2007)
- J.P. Morgan Securities Inc. (1998–2002)
- Stockbroker / Financial Advisor: Yes
- Can Broker be Sued in FINRA: Yes
- Highest Award or Settlement: $350,000
- Current Customer Dispute Seeks Total Damages of: Between $1,000,000 and $5,000,000
If you’ve sustained damages from Mr. Kutcher, discuss your case with experienced investment fraud lawyer Bob Rex at (877) 224-3199 for a free consultation.
Did You Lose Money With Matthew Jay Kutcher As Your Stockbroker?
Matthew Jay Kutcher has been the subject of multiple customer disputes involving allegations of unsuitable alternative investments and unsuitable managed account recommendations.
$350,000 Settlement – Alternative Investment (2008)
A customer of former employer Citigroup alleged unsuitability related to a Citigroup proprietary alternative investment product between December 2007 and March 2008.
- Settlement Amount: $350,000
$75,000 Settlement – Unsuitable Investments (2024)
A FINRA arbitration filed by a customer of Wells Fargo Clearing Services was paid $75,000 to settle a claim alleging that unsuitable investments were made.
- FINRA Case No.: 23-03365
- Settlement Amount: $75,000
- Resolution Date: August 14, 2024
Pending FINRA Arbitration – Managed/Wrap Account (Filed November 2023)
A pending FINRA arbitration alleges unsuitable investment recommendations in a managed or wrap account structure.
- FINRA Case No.: 23-03362
- Alleged Damages: Between $1,000,000 and $5,000,000
The customer also complained that the advisor did not follow instructions to limit investments to money market funds and U.S. Treasuries.
Allegations of Broker Misconduct Against Matthew Jay Kutcher
- Unsuitability — Recommending proprietary alternative investments or managed/wrap account strategies inconsistent with a client’s objectives may violate FINRA Rule 2111 and SEC Regulation Best Interest (Rule 15l-1).
- Failure to Follow Client Instructions — Ignoring client directives to restrict investments to conservative instruments such as money market funds or Treasuries may implicate FINRA Rule 2010 and suitability standards.
- Misrepresentation or Omission of Risk — Alternative investments often carry liquidity, valuation, and market risk that must be fully disclosed.
If you have suffered investment losses in an account handled by Matthew Jay Kutcher, contact us for a complimentary consultation with an experienced securities lawyer to learn how you may be able to recover damages through FINRA arbitration.
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.