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John Nicholas Matson Barred by FINRA

John Nicholas Matson (CRD #1796541) has been barred from association with any FINRA member in all capacities. The sanction was issued following an Acceptance, Waiver, and Consent (AWC) agreement in which Matson consented to the findings without admitting or denying them. The bar comes as a result of Matson’s refusal to provide documents and information requested by FINRA during an investigation into a customer’s investments in promissory notes that Matson had recommended.

Investigation and Findings

The investigation originated from a call made by an 80-year-old customer to the FINRA Securities Helpline for Seniors. The customer reported that Matson had recommended an investment in a promissory note, promising regular interest payments. However, Matson ceased making the promised interest payments, prompting the customer to seek help.

FINRA’s investigation aimed to gather documents and information related to this customer’s investments. Matson’s failure to comply with these requests led to the decision to bar him from associating with any FINRA member in the future.

Implications for Investors

This case highlights the importance of transparency and cooperation in financial investigations, especially when they involve vulnerable populations such as senior citizens. Investors should be cautious and conduct thorough due diligence when considering investment opportunities, particularly those involving promissory notes or other high-risk financial instruments.

Protecting Senior Investors

The FINRA Securities Helpline for Seniors plays a crucial role in protecting older investors from potential fraud and misconduct. Cases like this underscore the importance of such resources in identifying and addressing financial abuses that can severely impact the financial well-being of seniors.

For more information on how to protect yourself or a loved one from investment fraud, visit the FINRA website and utilize their resources dedicated to investor education and protection.

FINRA Case #2022076684401