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Read MoreJohn Mateyko: IDEX Advisor Has REIT Complaints
Recent investor complaints against Rolling Meadows, Illinois financial advisor John Mateyko (CRD# 3275621) allege misrepresentation, suitability violations, and other forms of misconduct. Financial Industry Regulatory Authority records show that he is a broker with PeachCap Securities and a managing partner at IDEX Financial Group.
Mr. Mateyko’s BrokerCheck report discloses five investor complaints. The most recent, filed in June 2022, alleged that he recommended an unsuitable real estate investment while at World Equity Group. The pending complaint alleges damages of $268,000.
An earlier investor complaint, filed in 2021, alleged unsuitability, misrepresentation, and supervisory failures connected to investments in real estate investment trusts (REITs) and business development programs. In August 2022 the complaint reached a settlement of $330,000.
A third investor complaint, filed in 2020, alleged that as a representative of World Equity Group, he breached his fiduciary duty and acted negligently in connection with REIT investments. In January 2022 the complaint reached a settlement of $750,000. In a statement on the disclosure, Mr. Mateyko wrote that he was “not named in this complaint, which arose from poor performance of investments in commercial real estate which were negatively affected by the COVID lockdowns,” adding that the firm settled it “to avoid the cost and distraction of protracted arbitration.”
A fourth investor complaint, filed in 2019, alleged he breached his fiduciary duty and engaged in negligence connected to REIT investments. In 2020 the complaint reached a settlement of $23,000.
A fifth investor complaint, filed in 2020, alleged misrepresentation and suitability connected to REIT purchases. This complaint was denied by World Equity Group.
According to the Financial Industry Regulatory Authority, John Mateyko holds 19 years of securities industry experience. Based in Rolling Meadows, Illinois, he has been a broker with PeachCap Securities and an investment advisor with PeachCap Tax & Advisory since 2018; he is also a Managing Partner at IDEX Financial Group. His registration history includes World Equity Group, Fifth Third Securities, and Chase Investment Services. Having passed four securities industry qualifying exams, he currently holds 22 state licenses. (Information current as of December 7, 2022.)
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