Matthew Walker, with Pinnacle Plus Capital, Subject of Idaho Securities Complaint
Have you lost money with financial advisor Matthew Walker? We are looking into allegations made about Matthew Lynn Walker from Overland Park, Kansas. The Idaho Securities Bureau brought a complaint against Walker, alleging that he sold investments in 1st Global Capital to Idaho residents. It was alleged that 1st Global Capital were not registered securities, and that investors have lost substantial monies in 1st Global Capital. To settle these allegations, Matthew Walker and Pinnacle Plus Capital agreed to disgorge $13,000 in commissions received from 1st Global Capital, and they also paid a $5,000 fine.
Matthew Walker is an investment advisor and representative of Pinnacle Plus Capital from 2010 to the present. He worked in branch offices in Overland Park, Kansas.
Advisory firms like Pinnacle Plus Capital have a responsibility to adequately supervise all representatives who are registered through their firm. Advisory firms also must take steps to ensure that their advisors follow all securities rules and regulations, as well as internal firm policies. When firms fail to adequately supervise their representatives, they may be liable for investment losses sustained by customers.
Israels & Neuman PLC is a securities and investment fraud law firm with offices in Denver, Colorado; Seattle, Washington; Phoenix, Arizona; and Ann Arbor, Michigan. We represent investors in FINRA arbitration proceedings in all 50 states, including investors in Idaho. Our attorneys have represented over one thousand investors against many brokerage and advisory firms in the past.