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FINRA Broker Allegations

Allegations against: Michael Jay Matthews

Allegation type: Customer Dispute

Allegation status: Award / Judgment

The allegations read: Claimant alleges, beginning in february 2007, respondent breached his fiduciary duty regarding unsuitable variable annuity recommendation. Claimant also alleges misrepresentation and failure to disclose information about penalties and adverse effects of changes to investments.

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