Rhonda Janeen Matthews Is No Longer Permitted to Act as a Broker

Prospera Financial Services, Inc. broker failed to respond to FINRA requests for information, resulting in a permanent ban from the industry

After 22 years in the securities industry, practicing both as a broker and an investment adviser, Rhonda Matthews’ securities career is over. According to the Financial Industry Regulatory Authority’s (FINRA) BrokerCheck report on Matthews, she allegedly failed to comply with an arbitration award or settlement agreement or to satisfactorily respond to FINRA’s request to provide information concerning the status of compliance.

Prior to her employment as a broker with Prospera Financial Services, Inc. from June 2013 to December 2015, Matthews was employed by Wells Fargo Advisors Financial Network, LLC in Austin, TX from January 2010 to June 2013. Matthews was discharged by Wells Fargo Advisors Financial Network for allegedly failing to follow firm policy regarding contacting customers prior to each trade.

Matthews’ previous employment includes:

• Raymond James Financial Services, Inc. in Austin, TX from February 2000 to January 2010

• Linsco/Private Ledger Corp. in Boston, MA from March 1999 to February 2000

• FSC Securities Corporation in Atlanta, GA from January 1996 to March 1999

• PaineWebber Incorporated in Weehawken, NJ from April 1993 to January 1996

Concurrent to her employment as a broker, Matthews also maintained her practice as an Investment Adviser Representative registered with the following Investment Adviser firms:

• Prospera Financial Services, Inc. in Austin, TX from June 2013 to December 2015

• Wells Fargo Advisors Financial Network, LLC in Austin, TX from January 2010 to June 2013

• Raymond James Financial Services Advisors, Inc. in Saint Petersburg, FL from January 2009 to January 2010

If you enlisted the services of broker/investment advisor Rhonda Matthews (who also conducted business as Matthews Financial Services) and have suffered financial losses as a result of this relationship, you may be able to recover some or all of your losses through securities arbitration. You can find out more about the allegations against her by reviewing her BrokerCheck Report, as well as this Investment Adviser Public Disclosure (IAPD) from the SEC.

Silver Law Group specializes in fighting for clients who have lost investments at the hands of brokers and financial advisors who have taken advantage of their positions. Scott Silver is the current chair of the American Trial Lawyers Association Securities and Financial Fraud Group and our expert legal team represents clients in securities law arbitration cases to help them recover lost funds and get a sense of justice. We operate on a contingency-fee basis, so we do not profit unless we recover your funds.

Simply contact us today for a free consultation. We will sit down with you, listen to your story, and determine if there are means to attempt to recover your funds.