Articles Tagged with Broker Matthew Maczko

His most recent alleged transgression wasn’t his first

Earlier this year, the Financial Industry Regulatory Authority (FINRA) handed down a permanent ban to Matthew Maczko, a former Wells Fargo broker who had been accused of making excessive trades that earned him almost $600,000 in commissions. And because his client was near 90 when Maczko began handling her money, this may have constituted elder financial fraud.

In our original article, we mentioned that the allegations that resulted in FINRA’s ruling were not the first levied against Maczko. In addition to a $1M settlement stemming from reports of four years of unauthorized trading, there have been several other customer disputes: