The Frankowski Firm is currently taking on clients who believe they have been given unsuitable investment recommendations via Peachcap Securities, Inc. broker John Mateyko (CRD# 3275621). Mateyko, who has been registered with Peachcap Securities, Inc. and Peachcap Tax & Advisory, LLC in Georgia since 2018. At this time Mateyko is facing multiple customer complaints regarding unsuitable investment recommendations. These claims allege significant breaches of fiduciary duty and inappropriate investment strategies, resulting in considerable financial losses for his clients.

Before joining Peachcap Securities, Inc., Mateyko worked with several other firms, including World Equity Group, Inc. in Illinois, Fifth Third Securities, Inc., and Chase Investment Services Corp. His tenure at these firms has been marked by a series of complaints and disciplinary actions, signaling potential issues with his investment practices.

Noted Customer Complaints Against John Mateyko

From 2020 to 2023, Mateyko has been the subject of seven customer complaints, raising concerns about his handling of clients’ investments. The Frankowski Firm is particularly focused on the complaints related to unsuitable recommendations and misrepresentation.

May 2023: A client alleges misrepresentation and breach of fiduciary duty concerning structured notes purchased under Mateyko’s advisement. The client is seeking $250,000 in damages, and the case is still pending. This complaint, involving corporate debt, arose while Mateyko was with Peachcap Securities, Inc.

April 2023: Investors claim they were advised by Mateyko to invest their retirement funds in unsuitable and illiquid investments, specifically non-traded REITs, resulting in near-total losses when the Hospitality Investors Trust (HIT) went bankrupt. The clients are seeking $606,000 in damages, and the case is currently pending.

August 2022: Another complaint alleges unsuitable investment recommendations involving real estate securities, with damages sought totaling $268,000.

April 2022: A breach of fiduciary duty and negligence case involving REITs led to a settlement of $750,000. The original claim sought $2,000,000 in damages.

July 2021: In this case, clients accused Mateyko of unsuitability, misrepresentation, and failure to supervise their investments in REITs and Business Development Programs. This claim was settled for $330,000 after seeking $500,000 in damages.

May 2021: A breach of fiduciary duty complaint resulted in a settlement of $23,000. The client initially sought $100,000 in damages related to REIT investments.

Unsuitable Investment Recommendations: What You Need to Know

Unsuitable investment recommendations occur when a broker advises a client to invest in products or strategies that do not align with their financial goals, risk tolerance, or investment profile. These investments often lead to significant losses, especially if they are complex, illiquid, or carry higher-than-expected risks.

In many of Mateyko’s cases, the complaints involve non-traded REITs, structured notes, and other alternative investments. These products can be risky and are often unsuitable for the average investor, particularly those looking to preserve capital or generate steady income. When brokers fail to consider their clients’ best interests, they may breach their fiduciary duty, leading to legal claims for damages.

Broker Supervision and Accountability

FINRA (Financial Industry Regulatory Authority) rules require firms to supervise the actions of their brokers. Peachcap Securities, Inc. may be held responsible for failing to adequately oversee Mateyko’s activities. If it is found that the firm did not properly supervise him, it could be liable for the financial losses suffered by Mateyko’s clients.

The Frankowski Firm is dedicated to helping investors who have suffered losses due to unsuitable investment recommendations and broker misconduct. If you have experienced losses related to investments recommended by John Mateyko or any other broker, it is essential to seek legal advice to determine your rights and potential recovery options.

How the Frankowski Firm Can Help

At the Frankowski Firm, we represent investors who have been wronged by brokers or financial institutions. If you have experienced investment losses due to unsuitable recommendations, misrepresentation, or other broker misconduct, we encourage you to contact us for a free consultation. Our experienced attorneys can help you navigate the complexities of financial litigation and work to recover your losses.

For more information or to schedule a consultation, call The Frankowski Firm at 1-888-741-7503 or complete our online contact form. We are committed to holding brokers and firms accountable and ensuring our clients receive the compensation they deserve.

No representation is made that the quality of the legal services to be performed is greater than the quality of legal services performed by other lawyers.