Last Updated: February 2024 (Torrance, CA )
Matt McFarland Investigation Summary
Here’s what you need to know about Torrance, CA, stockbroker Matt McFarland:
- Name: Mr. Matthew Douglas McFarland
- Current Employer: FNEX Capital LLC
- DBA: Kay Properties, Senior Vice President
- Previous Firms: Growth Capital Services, Wealthforge Securities
- Function: Stock Broker/ Financial Advisor
- Aliases: Matt McFarland
- Primary Location: Torrance, CA
- CRD 6675310
- Can Matt McFarland be sued in FINRA arbitration: Yes
- Sanctioned by FINRA: No
- Highest Settlement or Award: $1,500,000
Discuss your case with experienced investment fraud lawyer Bob Rex at (877) 224-3199 for a free consultation.
Did You Lose Money With Matt McFarland As Your Stockbroker?
Matt McFarland is a Senior Vice President of Kay Properties, a company that touts itself as “a national Delaware Statutory Trust (DST) Investment firm with offices nationwide. Kay Properties team members collectively have over 200 years of real estate experience and have participated in over $30 Billion of DST real estate.”
In 12/2023 a customer of Wealthforge Securities was paid $1.5 million to settle a cases alleging that Matt McFarland did not conduct reasonable due diligence on a private placement offering.
In 9/2023 another Wealthforge Securities customer was awarded $479,698 to resolve allegations that federal securities laws and California securities laws were violated in connection with the sale of private placements.
See this for more information on Nelson Partners Skyloft DST which raised $75 million.
See this for more information on REITs and Other Alternative Investments
H2: Allegations of Broker Misconduct Against Matt McFarland & Wealthforge Securities
Customers of Matt McFarland & Wealthforge Securities have alleged the following wrongdoing in connection with the handling of customer accounts:
- Unsuitable Investment Recommendation to invest in private placements
- Failure to conduct reasonable due diligence
- Failure to supervise
- Misrepresentation
Private Placements under Reg D: What is a Private Placement? According to the U.S. Securities and Exchange Commission (SEC):
“Under the federal securities laws, a company may not offer or sell securities unless the offering has been registered with the SEC or an exemption from registration is available. Offerings exempt from the SEC’s registration requirements pursuant to Securities Act Section 4(a)(2) or its safe harbor under Regulation D of the Securities Act are often referred to as private placements.”
The SEC warns that unregistered offerings may be utilized to conduct investment scams and that investors should have the ability to weather a total loss in these illiquid investments. See this SEC Investor Alert about red flags to watch out for in unregistered offerings.
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
Investigations involving other Wealthforge Securities brokers
If you have suffered investment losses in an account handled by Matt McFarland, 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.
