Switch to ADA Accessible Theme
Close Menu
Free Consultation: 888-976-6111

Matt Babrick: $1.1M Complaint Against First Republic Rep

San Francisco broker and investment adviser Matt Babrick (CRD#: 4433983) has received several pending customer complaints alleging cumulative damages of $1.9 million. According to records provided by the Financial Industry Regulatory Authority (FINRA), Babrick is currently registered with First Republic Securities Company in San Francisco, California and Jackson, Wyoming, and with First Republic Investment Management in San Francisco, Los Angeles, and Jackson.

Matt Babrick’s BrokerCheck report lists two pending investor complaints and one denied investor complaint against him against him.  The most recent complaint was filed in November 2020 and alleges that as a representative of First Republic Securities Company, he recommended an unsuitable investment strategy involving an index option product between July 2019 and September 2020. The pending complaint alleges damages of $1.1 million.

A second pending complaint against Matt Babrick was filed in July 2020. It also alleges that as a representative of First Republic Securities Company, he recommended an unsuitable investment strategy involving index options. The pending complaint alleges damages of $800,000.

An April 2020 complaint against Matt Babrick alleged that as a representative of First Republic Securities Company, he misrepresented material facts regarding a margin loan and recommended an unsuitable strategy. The complaint alleged damages of $854,000, but it was denied by the firm.

Financial Industry Regulatory Authority (FINRA) records show that Matt Babrick holds 18 years of securities industry experience and has been registered with First Republic Securities Company since 2018. His prior registrations include Goldman Sachs in New York, New York; and Merrill Lynch in Los Angeles, California. He has passed four securities industry qualifying examinations: the Uniform Securities Agent State Law Examination, or Series 63; the National Commodity Futures Examination, or Series 3; the Securities Industry Essentials Examination, or SIE; and the General Securities Representative Examination, or Series 7. He currently holds 53 state securities licenses. (Information current as of July 14, 2021.)

Facebook Twitter LinkedIn
Contact Us For A Free Case Evaluation
Latest Blog Posts
  • Nathan Katz Barred by FINRA, Fired by American Independent Securities

    Former Largo, Florida stockbroker Nathan Katz (CRD# 846475) was the subject of a recent Financial Industry Regulatory Action sanction connected...

    Read More
  • FINRA Suspends Ex-Melville Broker Douglas Szempruch: Suitability

    Douglas Szempruch (CRD# 4159318), previously a stockbroker in Melville, New York, was sanctioned by the Financial Industry Regulatory Authority over...

    Read More
  • Stu Pearl: Ex-Indianapolis Rep Sanctioned over ETF Allegations

    Former Indianapolis stockbroker Stu Pearl (CRD# 1500833) has been sanctioned by the Financial Industry Regulatory Authority over findings he made...

    Read More
  • Former SagePoint Rep Gary Bowman Suspended: UIT Allegations

    Gary Bowman (CRD# 2035699) , an ex-SagePoint Financial stockbroker, has been sanctioned by the Financial Industry Regulatory Authority after findings...

    Read More
  • Previous
  • Next