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Matthew Wilkes Investment Loss Investigation

Have you suffered losses with Matthew Kenneth Wilkes of TrustFirst, Wells Fargo Advisors, or Raymond James Financial Services, Inc.? 

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Matthew Wilkes Investigation | Who is Matthew Wilkes

 

According to FINRA’s BrokerCheck, Matthew Wilkes is a former registered representative of TrustFirst. Wilkes was associated with TrustFirst from 2019 to 2023. As of August 2024, Wilkes is no longer registered as a broker, but he is currently registered as an investment adviser. From January 2022 to present, Matthew Wilkes has served as the President of Greensview Wealth Management in Franklin, Tennessee. 

 

Before joining TrustFirst, Wilkes was associated with FSIC from June 2017 to September 2018 in Chicago, IL. Wilkes also worked at Raymond James Financial Services, Inc. from July 2015 to June 2017 in Chicago, IL. Before joining Raymond James, Wilkes was associated with Wells Fargo Advisors from March 2013 to August 2015.

Matthew Wilkes Faces Customer Disputes Over Unsuitable Recommendations

 

Matthew Wilkes has been subject to two customer disputes in 2024.

 

  • In February 2024, a Claimant filed a FINRA arbitration alleging over $2.5 million in damages relating to recommendations of an investment strategy that was unsuitable given the investor’s risk tolerance. The alleged conduct occurred in 2015 and was reported by Wells Fargo Clearing Services, LLC. 
  • In January 2024, a Claimant filed a FINRA arbitration alleging over $4 million in damages relating to unsuitable premium-financed life insurance policy. 

Life Insurance Premium Financing

Life insurance premium financing involves taking out a loan to pay for a policy’s premiums where the lender charges interest and the borrower repays the loan. Typically, the higher the amount of your life insurance policy, the more costly its premiums. 

 

According to Investopedia, there are several risks associated with Life Insurance Premium Financing, including qualification risk, interest rate risk and policy earnings risk, all of which must be adequately disclosed to investors. 

 

Misrepresentation of these risks associated with life insurance premium financing loans is a basis for liability, and investors may file claims against their brokers in FINRA arbitration to seek potential recovery. 

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If you believe you were a victim of investment fraud or broker misconduct, it is imperative to take action. Peiffer Wolf has represented thousands of victims and we remain committed to fighting on behalf of investors.

 

If you’ve invested with Matthew Wilkes, Contact Us today by filling out a Contact Form or by calling 585-310-5140 to schedule a FREE Case Evaluation.

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