Rex Securities Law Investment Fraud Attorney Investigates Sanjay Mathur formerly with Wells Fargo Clearing Services

Rex Securities Law Investment Fraud Attorney Investigates Sanjay Mathur formerly with Wells Fargo Clearing Services

Rex Securities Law Investment Fraud Attorney Investigates Sanjay Mathur formerly with Wells Fargo Clearing Services 150 150 Robert Rex, Esq.

Last Updated: January 2025 (Irvine, CA)

Sanjay Mathur Investigation Summary

Here’s what you need to know about Irvine, CA, stockbroker Sanjay Mathur:

  • Name: Mr. Sanjay Mathur
  • Current Employer: RBC Capital Markets, LLC
  • Prior Employers: Wells Fargo Clearing Services, LLC; Morgan Stanley Smith Barney; Morgan Stanley; Prudential Securities Incorporated; PaineWebber Incorporated
  • Function: Stockbroker / Registered Investment Advisor
  • Aliases: Sanjay Mather
  • Primary Location: Irvine, CA
  • CRD Number: 1144243
  • Can Sanjay Mathur be sued in FINRA arbitration: Yes
  • Sanctioned by FINRA: No
  • Employment Separation after Allegations: Yes
  • Highest Settlement or Award: $45,000
  • Pending Customer Dispute: Yes

If you’ve sustained damages from Mr. Mathur, discuss your case with experienced investment fraud lawyer Bob Rex at (877) 224-3199 for a free consultation.

Other Investigations of RBC Capital Markets Brokers

Did You Lose Money With Sanjay Mathur as Your Stockbroker?

Several customer disputes have been filed against Sanjay Mathur involving allegations of unsuitable investment recommendations, excessive trading, and unauthorized transactions. Notably:

  • Case Settled: A FINRA arbitration filed on 09/28/2016 alleged unsuitable investment recommendations in equity securities and closed-end funds. The case was settled on 05/01/2017 for $15,000.
  • Case Settled: A dispute concerning unsuitable investment recommendations in unit investment trusts resulted in a $30,000 settlement as of 06/12/2017.
  • Case Settled: Allegations of excessive trading and fees were settled on 08/01/2016 for $45,000.
  • Case Pending: In 11/2024 a customer of Wells Fargo Advisors complained that Mathur recommended investments in a high risk foreign security without regard to client’s age and retirement timeline. A specific damage amount is not yet specified.

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.

FINRA Rule 2111- suitability -Regulation Best Interest

Allegations of Broker Misconduct Against Sanjay Mathur

Customers of Sanjay Mathur have alleged the following misconduct in connection with the handling of their accounts:

  • Unsuitable Investment Recommendations
    Allegations include failure to consider clients’ investment profiles when recommending high-risk securities.
    Relevant Rule: FINRA Rule 2111 (Suitability) requires brokers to recommend investments that align with their clients’ risk tolerance and financial goals.
  • Excessive Trading and Fees
    One customer alleged that frequent trading resulted in undue fees and account value erosion, violating obligations under FINRA Rule 2121 (Fair Prices and Commissions).
  • Unauthorized Transactions
  • Separation after Allegations: Mathur voluntarily resigned from Morgan Stanley Smith Barney in 2012 following accusations of exercising time and price discretionary trading without proper authorization.

Investigations of Other Morgan Stanley Brokers

Recover Your Investment Losses Now With Rex Securities Law

Investigations involving other Wells Fargo brokers

If you have suffered investment losses in an account handled by Sanjay Mathur, 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.

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