Broker Matthew DiGregorio Who Has Worked at 18 Different Firms Under Investigation After FINRA Bar

Silver Law Group is investigating former New York broker Matthew DiGregorio after FINRA permanently barred him.

According to DiGregorio’s FINRA BrokerCheck report, FINRA permanently barred DiGregorio after he told FINRA staff that he does not intend to honor an award that a FINRA arbitration panel ordered him to pay to his former partners at a FINRA member firm.  Further, the complaint DiGregorio was named a respondent in alleges that DiGregorio made false representations to the FINRA panel regarding claims that his child was involved in an accident in order to extend the hearing sessions.

This is not the first time DiGregorio has been punished by FINRA for similar misconduct.  In August 2015, FINRA suspended DiGregorio for failing to comply with a settlement agreement or arbitration award or to satisfactorily update FINRA on the status of his compliance.

DiGregorio has been in the securities industry for 18 years and has been at a different firm each of those years.  His first stop was in 1994 at the Wolf of Wall Street’s Stratton Oakmont Inc. (CRD# 18692) and his last place of employment was Aegis Capital Corp. (CRD# 15007).

In the last 8 years, J.D. Nicholas & Associates, Inc. (CRD# 44791), Legend Securities, Inc. (CRD# 44952), and Chelsea Financial Services (CRD# 47770) have employed DiGregorio.  Out of the 18 firms that have employed DiGregorio, all but Aegis Capital Corp.; Legend Securities, Inc.; and Chelsea Financial Services have either been expelled by FINRA or are no registered.

According to DiGregorio’s BrokerCheck report, DiGregorio has 9 other disclosures aside from the permanent bar and suspension.  His most recent, in April 2016, was a FINRA arbitration that alleged unsuitability, churning and breach of fiduciary duty regarding Human Genome Sciences, Inc. and Medivation stock.  The FINRA arbitrator ultimately decided for the customer and awarded $50,000 in damages and attorney’s fees.

FINRA arbitration is a fast, efficient way to recover your lost investment funds due to unauthorized trading.  We work on a contingency fee basis, meaning you pay us nothing unless we win and recover money for you.

If you have invested with Matthew DiGregorio and have lost money doing so, you may be able to recover some or all of your losses.  Our lawyers are experienced in recovering investor losses due to broker and brokerage firm misconduct through FINRA arbitration.

Silver Law Group represents the interests of investors who have been the victims of investment fraud.  If you have questions about your legal rights, please contact Scott Silver of the Silver Law Group for a free consultation at ssilver@silverlaw.com or toll free at (800) 975-4345.