Ex-JP Morgan Advisor Matt Kutcher Faces Investor Complaint

Palm Beach financial advisor Matt Kutcher (CRD# 2456469) is involved in an investor complaint alleging he failed to follow a customer’s instructions. Financial Industry Regulatory Authority records show that the former JP Morgan Securities representative is currently a broker and an investment advisor with Wells Fargo Clearing Services.

Mr. Kutcher’s BrokerCheck report discloses three investor complaints. The most recent, filed in April 2023, alleges that as a representative of Wells Fargo Advisors, he “did not follow instructions regarding discretionary account to only invest in money market funds and Treasuries.” The pending complaint alleges unspecified damages.

An earlier investor complaint, filed in 2008, alleged that as a representative of Citibank, he recommended unsuitable alternative investments between December 2007 and March 2008. The complaint reached a settlement of $350,000.

A third investor complaint, filed in 2008, alleged that he recommended unsuitable alternative investments while at Citigroup Global Markets. The complaint alleged unspecified damages and was denied by the firm.

According to the Financial Industry Regulatory Authority, Matt Kutcher holds 24 years of securities industry experience. Based in Palm Beach, Florida, he has been a broker and an investment advisor with Wells Fargo Clearing Services since 2019. His past registrations include JP Morgan Securities (Palm Beach Gardens, Florida; 2014-2019), Credit Suisse Securities (West Palm Beach, Florida; 2009-2014), Citigroup Global Markets (Palm Beach, Florida; 2007-2009), Citicorp Investment Services (Palm Beach, Florida; 2002-2007), and JP Morgan Securities (New York, New York; 1998-2001). His credentials include the passage of four securities industry qualifying exams: the General Securities Representative Examination, or Series 7; the Securities Industry Essentials Examination, or SIE; the Uniform Securities Agent State Law Examination, or Series 63; and the Uniform Investment Adviser Law Examination, or Series 65. He currently holds 32 state licenses. (Information current as of May 20, 2023.)

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