John Scott Matthews—Participation in Private Securities Transactions without Proper Written Notice

investment fraud attorneysJohn Scott Matthews Allegedly Sold $1.8 Million in Convertible Promissory Notes Away from Global Arena Capital and Purportedly Participated in these Private Securities Transactions without Proper Prior Written Notice

John Scott Matthews allegedly sold $1.8 million in convertible promissory notes away from his member firm, Global Arena Capital, according to a recent FINRA Letter of Acceptance, Waiver and Consent currently under review by attorneys Joe Peiffer and Alan Rosca.

John Scott Matthews, who was registered with Global Arena Capital Corp. from March 2007 through August 8, 2014, allegedly participated in the aforementioned private securities transactions without providing prior written notice, the AWC notes.

The Peiffer Rosca Wolf securities lawyers are currently investigating John Scott Matthews and his alleged participation in the sale of private securities without proper prior written consent.

John Scott Matthews Allegedly Failed to Make Written Disclosures to Customers; Suspended and Fined $25K by FINRA

John Scott Matthews, who was the CEO and Chairman of the member firm Global Arena Capital and the Chairman and CEO of its parent company, Global Arena Holding, allegedly make written disclosures to customers regarding the use of proceeds and the selling compensation he would receive from the promissory note sales, according to a recent FINRA Letter of Acceptance, Waiver and Consent currently under review by attorneys Joe Peiffer and Alan Rosca.

As a result of the aforementioned behavior, John Scott Matthews allegedly violated NASD and FINRA Rules, and hence, has been suspended and fined $25,000 by FINRA, the AWC notes.

One should also note that, according to the AWC, John Scott Matthews neither admitted nor denied the FINRA findings.

Securities Lawyers Investigating

The Peiffer Rosca Wolf securities lawyers often represent investors who lose money as a result of the alleged sale of private securities without proper prior written consent. They are currently investigating John Scott Matthews and his alleged sale of private securities without proper prior written consent. They take most cases of this type on a contingency fee basis and advance the case costs, and only get paid for their fees and costs out of money they recover for their clients.

Investors who believe they lost money as a result of John Scott Matthews and his alleged sale of private securities without proper prior written consent may contact the securities lawyers at Peiffer Rosca Wolf, Alan Rosca or Joe Peiffer, for a free no-obligation evaluation of their recovery options, at 888-998-0520.

Alan Rosca (1180 Posts)

Alan is a securities lawyer. He also teaches Securities Regulation at the Cleveland-Marshall College of Law. He focuses his legal practice on complex commercial and financial litigation and arbitration, particularly in the areas of securities and investment fraud. His office is in Cleveland, Ohio.


In our legal system, every person is innocent until and unless found guilty by a court of law or a tribunal. Whenever we reference “allegations” or charges that are “alleged,” such allegations or charges have not been proven, and are merely accusations, not findings of fault, as of the date of the blog. We do not have, nor do we undertake, a duty to continue to monitor or follow cases about which we report, and/or to publish subsequent blogs regarding various developments that may occur in such cases. Readers are encouraged to conduct their own research regarding any such cases and any developments that may or may not have occurred in such cases.