Matthew Davis Banned from the Securities Industry After Allegations of Misconduct

Rochester stockbroker fraud attorneyMatthew J. Davis, formerly associated with OneAmerica Securities, Inc., was barred from the securities industry after the Financial Industry Regulatory Authority began to investigate allegations of Davis’s misconduct.

The Peiffer Rosca securities practice attorneys Alan Rosca and Joe Peiffer are investigating the matter.

Davis was being investigated by FINRA regarding allegations that Davis had engaged in misconduct in several customer accounts. The alleged misconduct included conversion, misrepresentation of customer holdings and account values, forgery of account related documents, discretionary and/or unauthorized trading, efforts to settle a customer complaint away from his firm, and unsuitable recommendations, according to FINRA.

FINRA requested that Davis appear and provide testimony relating to the allegations. According to FINRA, Davis, through his counsel, informed FINRA that he would not appear for testimony and, subsequently, did not appear for testimony as requested.
Davis consented to being barred from the securities industry without denying or admitting FINRA’s findings.

The Peiffer Rosca securities attorneys often represent investors who lose money as a result of Ponzi schemes, investment fraud, or stockbroker misconduct. They are currently investigating the possibility of assisting victims with the recovery of their losses. 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 investment fraud or misconduct may contact the securities lawyers at Peiffer Rosca, Alan Rosca or Joe Peiffer, for a free, no-obligation evaluation of their recovery options, at 888-998-0520.

Broker: Matthew J. Davis

Status: INVESTIGATED by Peiffer Rosca.

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Alan Rosca (1247 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.