Steve Mattocks: Osaic Advisor Lands $118K REIT Complaint

Wichita, Kansas financial advisor Steve Mattocks (CRD# 2193216) allegedly sold unsuitable real estate investment trust products, according to a recent investor complaint. Financial Industry Regulatory Authority records show that he is registered as a broker and an investment advisor with Osaic Wealth. He is also the owner of Wheatland Insurance Group.

Mr. Mattocks’ BrokerCheck report discloses multiple investor complaints. The most recent, filed in 2025, alleges that as a representative of Osaic Wealth, he made unsuitable recommendations involving REIT products. The pending complaint alleges damages of $118,679.

An earlier investor complaint, filed in 2024, alleged that as a representative of Sagepoint Financial, he misrepresented an REIT investment. The complaint alleged damages of at least $5,000 and was denied by the firm.

A third investor complaint, filed in 2005, alleged that as a representative of New England Financial, he did not inform the clients of surrender charges or that they would be billed periodically for a universal life insurance policy. The complaint alleged more than $10,000 in damages and was closed with no action taken.

According to the Financial Industry Regulatory Authority, Steve Mattocks holds 33 years of securities industry experience. Based in Wichita, Kansas, he has been registered as a broker and an investment advisor with Osaic Wealth since September 2023. His past registrations include Sagepoint Financial, SunAmerica Securities, NEXT Financial Group, New England Securities, NationsBanc Investments, NationsSecurities, and MML Investors Services. His credentials include the passage of five securities industry qualifying exams: the Uniform Investment Adviser Law Examination, or Series 65; the Uniform Securities Agent State Law Examination, or Series 63; the Securities Industry Essentials Examination, or SIE; the General Securities Representative Examination, or Series 7; and the Investment Company Products/Variable Contracts Representative Examination, or Series 6. He is licensed in Arkansas, California, Colorado, Kansas, Missouri, North Dakota, Oklahoma, Tennessee, Texas, and Washington. (Information current as of July 21, 2025.)

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