Close Menu
Free Consultation: 888-976-6111

Matthew Franchina: $100K Negligence Complaint Against Moloney Advisor

Matthew Franchina (CRD# 5987117), a financial advisor in Manchester, Missouri, recently received an investor complaint alleging he was negligent in his duties. Records provided by the Financial Industry Regulatory Authority show that he is a broker with Moloney Securities and an investment advisor with Moloney Securities Asset Management

Mr. Franchina’s BrokerCheck report discloses one investor complaint. Filed in September 2022, it alleges that he acted negligently and recommended unsuitable corporate bond investments while at Moloney Securities. The pending complaint alleges damages of $100,000. In a statement included with the disclosure, Mr. Franchina defended himself against the claim, writing: “I refute the allegations of the claims.”

Investors should be aware that negligence denotes an advisor’s failure to uphold their duty of care to a client. That failure generally takes the form of a registered representative doing something that a reasonably prudent advisor would not do under similar circumstances. Alternatively, it might take the form of the representative not doing something that a reasonably prudent advisor would do under similar circumstances. Negligence might look like a broker failing to perform adequate due diligence and consequently recommending unsuitable investments; a broker failing to diversify a client’s portfolio; a broker failing to follow a client’s instructions; and more. Representatives who act negligently may be held liable in the event of losses and/or subject to disciplinary action by securities regulators.

According to the Financial Industry Regulatory Authority, Matthew Franchina holds 10 years of securities industry experience. Based in Manchester, Missouri, he has been a broker and an investment advisor with Moloney Securities and Moloney Securities Asset Management, respectively, since 2016. His registration history includes Investment Advisors (Huntington Beach, California; 2013-2016), Bankers Life Securities (Huntington Beach, California; 2016), and ProEquities (Huntington Beach, California; 2012-2016). His credentials include the passage of three securities industry qualifying exams: the General Securities Representative Examination, or Series 7; the Securities Industry Essentials Examination, or SIE; and the Uniform Combined State Law Examination, or Series 66. He is currently licensed in Arizona, California, Colorado, Florida, New Mexico, Oklahoma, Texas, and Virginia. (Information current as of December 21, 2022.)

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
  • Jonathan Upton: LPL Advisor Faces $250K REIT Complaint

    Multiple investor complaints against Louisville, Kentucky financial advisor Jonathan Upton (CRD# 4559794) allege that he recommended unsuitable investments. Financial Industry...

    Read More
  • Joy Simar: $203K Complaint Against LPL/Pruco Advisor

    McKinney, Texas financial advisor Joy Simar (CRD# 6147731) recently received an investor complaint alleging that her conduct resulted in six-figure...

    Read More
  • Dan Schmid: Why Did Advisor Resign from Northwestern Mutual?

    Minneapolis, Minnesota financial advisor Dan Schmid (CRD# 6658306) recently resigned from Northwestern Mutual Investment Services in connection with alleged rule...

    Read More
  • Ozzie Ramos: $80K Bond Complaint Against WIS Advisor

    Westlake Village, California financial advisor Ozzie Ramos (CRD# 2572345) recently received an investor complaint alleging that his advice resulted in...

    Read More
  • Previous
  • Next