Matthew Klein: $110K Complaint Against MATAURO Advisor

Summit, New Jersey financial advisor Matthew Klein (CRD# 5060520) allegedly misrepresented an investment, according to an investor complaint. Financial Industry Regulatory Authority records show that he is registered as a broker with The Leaders Group and an investment advisor with MATAURO.

Mr. Klein’s BrokerCheck report discloses several investor complaints. The most recent, filed in May 2025, alleges that as a representative of Equitable Advisors, he misrepresented the liquidity and principal protection of investments purchased in 2012. The pending complaint alleges damages of $110,000.

An earlier investor complaint, filed in 2016, alleged that as a representative of AXA Advisors, he made misrepresentations in connection with the purchase of a life insurance policy. The complaint reached a settlement of $25,261.01.

In a statement included with the complaint’s disclosure, Mr. Klein defended himself against the allegations. “The firm found no basis to this complaint and no sales practice violation on the part of the registered representative,” he wrote. “A good faith offer was made and accepted by the client.”

MATAURO’s website includes a profile of Mr. Klein that describes his background and experience as the firm’s CEO and Founder. “His expertise in areas like tax optimization and wealth transfer reflects a disciplined, risk-aware approach forged by entering the field in the window between the dot-com collapse and the global financial crisis,” he explains. “At MATAURO, Matthew works closely with clients to… Implement strategies that minimize income, estate, gift, and generation-skipping transfer taxes, [and] Make more informed decisions about charitable giving, endowments, risk management, asset protection, and wealth transfer.”

According to the Financial Industry Regulatory Authority, Matthew Klein holds 19 years of securities industry experience. Based in Summit, New Jersey, he has been registered as a broker with The Leaders Group and an investment advisor with MATAURO since 2024. His registration history includes Purshe Kaplan Sterling Investments and Equitable Advisors. His credentials include the passage of four securities industry qualifying exams: the Securities Industry Essentials Examination, or SIE; the General Securities Representative Examination, or Series 7; the General Securities Principal Examination, or Series 24; and the Uniform Combined State Law Examination, or Series 66. He is licensed in California, Connecticut, Delaware, the District of Columbia, Florida, Illinois, Maryland, New Jersey, New York, Texas, and Virginia. (Information current as of July 20, 2025.)

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