Matthew Muratori (Matthew Vincent Muratori, CRD: #6255633, aka “Matthew Vincent Muraton”) is a former registered broker and investment advisor whose last employer was Pruco Securities, LLC. (CRD#:5685) of Tampa, FL. He was previously employed with Foresters Financial Services, Inc. (CRD#:305), also of Tampa. He has been in the industry since 2017.
FINRA began an investigation into Muratori’s possible involvement with conversion of a senior customer’s funds, and sent a letter to him on 5/29/2020 requesting on-the-record testimony. This testimony was scheduled for June 4, 2020. Additionally, FINRA sent another notice on June 1, 2020, requesting documents and information related to the case. Muratori stated during a phone call with FINRA staff on June 3, 2020, that he would not appear for on-the-record testimony nor supply the requested documents at any time.
As a result of his decision not to respond to FINRA’s requests, FINRA barred Muratori indefinitely from any association with any member firm. Muratori signed a letter of Acceptance, Waiver and Consent (AWC), and the letter became binding on 6/8/2020.
Theft by conversion of funds occurs when a financial advisor converts the lawfully obtained money, property or funds of another into funds for that financial advisor’s own use without permission. In the broker/investor relationship, conversion occurs when a broker uses his/her client’s funds or investments for the broker’s own personal use or in any other unauthorized manner. Conversion is a form of embezzlement that can result in legal action against the broker for misconduct. Brokerage firms are liable for conversion cases for failure to supervise the broker’s conduct and the customer’s account. A broker’s conversion of funds may result in civil liability and additional monetary damages.
Did You Invest With Matthew Muratori?
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