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, investors who have lost money in this fashion may be entitled to damages. The law firm of Oakes & Fosher is interested in hearing from investors who feel this may be them.
Oakes & Fosher is currently investigating the possible misconduct of former securities broker Matthew Peregoy. According to his publicly available FINRA BrokerCheck report, Matthew Peregoy was recently barred from the securities industry.
Matthew Peregoy operated most recently as a New Jersey based securities broker. He worked in the securities industry for twenty-two years. During his career, he was registered with four different securities firms.
His Registrations
- Capital Analysts, Inc. (1993-1996)
- Royal Alliance Associates (1996-1998)
- The Investment Center (1998-2005)
- Investors Capital Corp. (2008-2016)
The Allegations
- In January 2018, Matthew Peregoy was officially sanctioned by FINRA. The findings in this matter state that Peregoy failed to comply with a FINRA investigations into allegations that he misused funds. Due to these allegations, he was barred by FINRA from acting as a securities broker in any fashion.
- In November 2018, Matthew Peregoy was sanctioned by the New Jersey Bureau of Securities. The findings in this matter state that he engaged in dishonest or unethical practices in the securities business. During an investigation into the matter, Peregoy allegedly made materially false statements to the bureau. Due to these alleged actions, he was fined $39,000.
Misuse of Funds
A securities broker converting funds into their personal bank accounts is one example of misappropriation, which essentially is the same thing as theft. A misappropriation of funds is when a securities broker misuses the funds from one agreed upon purpose for another purpose. Often, brokers will simply deposit these funds into their own account. This is conversion.
Oakes & Fosher can Help
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 Peregoy, please contact Oakes & Fosher for a free and private consultation.
