The law firm of Oakes & Fosher is presently investigating the alleged misconduct of former securities broker Matthew Kerby. According to his publicly available FINRA BrokerCheck report, Matthew Kerby has been the subject of multiple customer disputes.
Matthew Kerby was an Indiana based securities broker. He worked in the securities industry for ten years. He spent his entire career registered with Edward Jones. He is no longer working as a registered securities broker in any fashion.
The Allegations
- In November 2017, a customer alleged that Matthew Kerby failed to follow his instructions to purchase a 2-year CD and instead purchased a 10-year CD. This case was settled for $15,227 in damages.
- Also in November 2017, a customer alleged that Matthew Kerby converted funds from her account. This case was settled for $78,985 in damages. Due to these allegations, he was terminated from his position at Edward Jones. He was also investigated by FINRA. After he allegedly failed to comply with said investigation, he was barred from acting as a securities broker in any fashion.
Oakes & Fosher Can Help
Many investors are unaware of the legal recourse available to them after losing money due to securities broker fraud and/or negligence. The truth is that investors who have lost money in this fashion may actually be entitled to damages.
Oakes & Fosher dedicates its entire legal practice to helping investors across the nation. If you, or someone you know, have lost money investing with Matthew Kerby, please contact Oakes & Fosher for a free and private consultation. We work on a contingency basis, which means there are no fees charged unless we collect for you.
