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.)

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