Skip to main content

Exit WCAG Theme

Switch to Non-ADA Website

Accessibility Options

Select Text Sizes

Select Text Color

Website Accessibility Information Close Options
Close Menu
Carlson Law, P.A. Motto
  • Free Consultation
  • ~

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

By submitting this form I acknowledge that form submissions via this website do not create an attorney-client relationship, and any information I send is not protected by attorney-client privilege.

Latest Blog Posts

$1mm Complaint Against Asheville Advisor Patrick Chitwood

Chitwood Wealth Management’s Patrick Chitwood allegedly caused $1 million in damages, according to a pending investor complaint. Financial Industry Regulatory Authority Records show that the Asheville, North Carolina broker’s firm...

Read More

Luis Garcia: Miami Advisor Had Suitability Complaint

Luis Garcia (CRD# 4143376), a Miami broker and financial advisor, recently received an investor complaint that was denied by his member firm. Financial Industry Regulatory Authority records show that he...

Read More

Mark Kemp: 6-Figure Complaints Against McNally Financial Advisor

Corpus Christi broker and financial advisor Mark Kemp (CRD# 2057200) has received several pending investor complaints alleging more than half a million dollars in damages. Financial Industry Regulatory Authority records...

Read More

By submitting this form I acknowledge that form submissions via this website do not create an attorney-client relationship, and any information I send is not protected by attorney-client privilege.

Skip footer and go back to main navigation