Last Updated: January 2024 (Dublin, OH)
Matt Romeo Investigation Summary
Here’s what you need to know about Dublin, OH, registered investment advisor Matt Romeo:
- Name: Mr. Matthew James Romeo
- Current Employer: Everhart Advisors (RIA), not currently registered with FINRA
- Previous Firms: Mid Atlantic Capital Corp., Cambridge Investment Research
- Function: Stock Broker/ Financial Advisor/ Registered Investment Advisor
- Aliases: Matt Romeo
- Primary Location: Dublin, OH
- CRD 4201945
- Can Matt Romeo be sued in FINRA arbitration: Yes
- Sanctioned by SEC: Yes
- Pending Customer Dispute Seeks Damages of $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 Romeo As Your Stockbroker?
In 2016 the US Securities and Exchange Commission censured Matt Romeo for violations of Sections 204, 206(2) and 207 of the Investment Advisors Act of 1940, related to the collection of 12b-1 fees on mutual funds. Sanctions include a cease and desist, civil and monetary fines of $43,422 and disgorgement of $201,985.
In 10/2023 a customer of former employer Cambridge Investment Research filed a FINRA arbitration alleging that Romeo recommended an unsuitable real estate investment causing losses of $500,000. This matter is currently pending.
Allegations of Broker Misconduct Against Matt Romeo
A customer of Matt Romeo has alleged the following wrongdoing in connection with the handling of customer accounts:
- Unsuitable Investment Recommendation
Firms Have a Duty to Supervise their Financial Advisors (FINRA Rules 3110 & 2090)
Brokers and their firms have a duty to comply with the FINRA suitability rule which requires that they have a reasonable basis to believe that a recommendation is suitable for the customer.
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 of other Cambridge Investment Research brokers
If you have suffered investment losses in an account handled by Matt Romeo, 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.
