Last Updated: January 2025, Tulsa, OK
Matt Mitchell Investigation Summary
Here’s what you need to know about Tulsa, OK, stockbroker Matt Mitchell:
- Name: Matthew Franklin Mitchell
- Current Employer: BOK Financial Securities, Inc.
- Prior Employers: Spire Securities, Morgan Stanley
- CRD Number: 4908737
- Function: Stockbroker / Financial Advisor
- Primary Location: Tulsa, OK
- Aliases: Matt Mitchell
- Can Matthew Mitchell be sued in FINRA arbitration? Yes
- Sanctioned by FINRA: No
- Highest Settlement or Award: $37,500
- Pending Customer Dispute Seeks Damages of: $300,000
If you’ve sustained damages from Mr. Mitchell, discuss your case with experienced investment fraud lawyer Bob Rex at (877) 224-3199 for a free consultation.
Did You Lose Money With Matthew Mitchell As Your Stockbroker?
Matt Mitchell has been involved in two customer disputes alleging unsuitable investment recommendations and failure to disclose investment risks.
- Pending Arbitration (Case Received on September 4, 2024):
A customer of Bok Finanical Securities alleges that Mr. Mitchell failed to inform them about the liquidity risks of non-traded REITs purchased between June 2016 and March 2017. Damages sought total $300,000. - Settled Complaint (Complaint Received on November 7, 2023):
A complaint involving unsuitable recommendations for the purchase and holding of a non-traded REIT in May 2016 resulted in a $37,500 settlement on November 14, 2023.
See this for more information on REITs and Other Alternative Investments
Alternative Investments: These are assets that are not stocks, bonds or cash. Alternative investments generally fall within five categories: hedge funds, private capital, natural resources (oil and gas, energy), real estate (REITs) and infrastructure. They are typically less liquid that conventional investments, less regulated with higher fees and generally higher risk. For more investigations involving Alternative Investments, see this.
Allegations of Broker Misconduct Against Matthew Mitchell
Customers of Matthew Franklin Mitchell have alleged the following wrongdoing in connection with the handling of customer accounts:
- Unsuitable Investment Recommendations:
Allegations include recommending non-traded REITs that were inconsistent with the clients’ financial goals or risk tolerance. This constitutes a violation of FINRA Rule 2111, which requires brokers to ensure that investments are suitable for their clients. - Failure to Disclose Investment Risks:
Customers claim that Mr. Mitchell failed to disclose liquidity risks and other material details regarding non-traded REITs. This may violate FINRA Rule 2020, which prohibits brokers from engaging in fraudulent or misleading practices.
The Financial Industry Regulatory Authority (FINRA) mandates brokers to disclose all customer complaints and disputes, which are critical for evaluating a broker’s compliance and ethical conduct.
FINRA Rule 2111- suitability -Regulation Best Interest
Recover Your Investment Losses Now With Rex Securities Law
If you have suffered investment losses in an account handled by Matthew Franklin Mitchell, 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.