Matthew Babrick (CRD #: 4433983), an investor registered with First Republic Securities in Los Angeles, California, is involved in multiple investor disputes, according to his BrokerCheck record, accessed on February 2, 2021.
On November 17, 2020, an investor alleged that Matthew Babrick recommended an unsuitable investment strategy. The investor is seeking $1,100,000; the dispute is pending.
On July 10, 2020, an investor alleged that Babrick recommended an unsuitable investment strategy. The investor is seeking $800,000; the dispute is pending.
On April 29, 2020, an investor alleged that Matthew Babrick misrepresented that a margin loan as an unsecured loan. The investor further alleges that this was an unsuitable investment strategy due to the associated commissions for Babrick. The investor sought $854,000 but the dispute was denied by the firm. It’s important to note that firms can deny disputes without entering into FINRA arbitration. At that point, it’s up to the investor to pursue the matter further.
Babrick has passed the Series 66 Uniform Combined State Law Examination, the Securities Industry Essentials Examination, the Series 3 National Commodity Future Examination, the Series 7 General Securities Representative Examination. Matthew Babrick is a registered broker in all 50 states as well as in D.C. and Puerto Rico. He is a registered investment adviser in California.
Matthew Babrick has also worked for the following firms during his 17 years in the securities industry:
- Goldman Sachs & Co (CRD #: 361)
- Merrill Lynch, Pierce, Fenner & Smith (CRD #: 7691)
If Matthew Babrick was your broker and you have questions about your investments, don’t hesitate to contact the securities attorneys of Fitapelli Kurta. Call (877) 238-4175 or email firstname.lastname@example.org for a free case consultation with a securities attorney.