Close Menu
Free Consultation: 888-976-6111

Matt West & Patrick Mendenhall: USCA Denies $3.5mm Complaint

Houston, Texas financial advisors Matt West (CRD# 2554449) and Patrick Mendenhall (CRD# 1068809) recently received an investor complaint alleging seven-figure losses. Financial Industry Regulatory Authority records show that each is registered as a broker with USCA Securities and an investment advisor with US Capital Wealth Advisors.

Mr. West’s BrokerCheck report and Mr. Mendenhall’s BrokerCheck report each discloses the same investor complaint. Filed in October 2023, it alleges that missed opportunity resulted in losses. The complaint alleged damages of $3.5 million and was denied by their member firm.

Mr. Mendenhall’s BrokerCheck report also discloses two past investor complaints. The most recent, filed in 2019, alleged that as a representative of USCA Securities, he made recommendations to purchase and hold a security that resulted in losses. In 2002 the complaint reached a settlement of $200,000. In a statement included with the complaint’s disclosure, he pushed back against the allegations, writing: “Client is an experienced, sophisticated investor who overall made money in his USCA accounts, settled for less than cost of defense, and there was no contribution by Mr. Mendenhall.”

An earlier investor complaint against Mr. Mendenhall, filed in 2000, alleged that as a representative of Painewebber, he breached his fiduciary duty, acted negligently, made excessive trades, recommended unsuitable investments, and executed unauthorized trades. In 2001 the complaint reached a settlement of $650,000.

According to the Financial Industry Regulatory Authority, Matt West holds 40 years of securities industry experience. Based in Houston, Texas, he has been a broker with USCA Securities since 2010 and an investment advisor with US Capital Wealth Advisors since 2021. His past registrations include USCA Asset Management, USCA RIA LLC, UBS Financial Services, Smith Barney Harris Upham, Drexel Burnham Lambert, Shearson Lehman Hutton, Lehman Brothers Kuhn Loeb, and Merrill Lynch. Mr. Mendenhall, meanwhile, holds 26 years of securities industry experience. Based in Houston, he has been registered as a broker with USCA Securities since 2010 and as an investment advisor with US Capital Wealth Advisors since 2021. His past registrations include USCA RIA LLC, UBS Financial Services, Merrill Lynch, and Painewebber. (Information current as of November 13, 2023.)

Carlson Law represents investors throughout the United States in claims against financial advisors and investment firms. If you or a loved one have suffered investment losses, please call us at 888-976-6111 or complete our contact form for a free and confidential consultation.

Facebook Twitter LinkedIn
Contact Us For A Free Case Evaluation
protected by reCAPTCHA Privacy - Terms
Latest Blog Posts
  • Tom Bates: $500K Complaint Against Bates Financial Advisor

    Columbus, Ohio financial advisor Tom Bates (CRD# 1037294) allegedly gave misleading investment advice, according to a recent investor complaint. Financial...

    Read More
  • Charlotte McConnell: Ex-Cetera Advisor Faces $300K Complaint

    Fort Collins, Colorado financial Charlotte McConnell (CRD# 1161160) recently received an investor complaint alleging that her advice resulted in damages....

    Read More
  • John Davenport: $150K Complaint Against J. Davenport Advisor

    Norwalk, Connecticut financial advisor John Davenport (CRD# 1448999) recently received an investor complaint alleging that his investment advice resulted in...

    Read More
  • Cissy Hutchinson: Synovus Securities Fires Athens Advisor

    Former Athens, Georgia broker Cissy Hutchinson (CRD# 2067670) was recently fired from Synovus Securities in connection with alleged rule violations....

    Read More
  • Previous
  • Next